Total eastern states throughput of cows at saleyards reported by MLA’s National Livestock Reporting Service has increased 11% so far this in spring.
The continuation of the dry weather has forced producers to assess stocking rates and available feed levels, accentuated by neutral rainfall forecasts through to the end of the year.
While producers in the past few years have been focusing on herd rebuilding, the run of drier months has placed pressure upon producers to offload more of their dry cows.
Queensland has registered a 9% year-on-year increase since the start of spring in cows purchased for slaughter.
There has been greater competition between processors for the better quality cows, despite the larger numbers available at physical markets.
The processor demand has helped to support prices at the majority of saleyards, with Dalby selling medium cows for 147¢/kg lwt on average.
NSW has experienced a 20% increase in cow supply with the majority purchased by processors this spring.
Victoria climbed 11% with dairy cows accounting for 53% of the total throughput at physical markets - up 2% on the corresponding period last year. SA lifted by just 3% in comparison to the same period last year.
Over-the-hooks rates for heavy cows (320+kgs) have been relatively firm during spring, with rates across NSW and Queensland averaging 289¢/kg cwt and 279¢/kg cwt, respectively.
Victorian cow rates averaged 275¢/kg cwt, as processors continue to be more active across all eastern states.
Source: Argentine Beef Packers S.A.
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