Midfield

Australia - Cattle summary

24 Oct 2012

There is an expectation from agents in the South East that cattle numbers could decline over the next few months.
 
 
 
This trend would not be surprising when consistent large numbers have been yarded over the past 18 months.
 
With the hot weather currently present across Northern regions, mustering will probably come to an end and see less B-doubles making the long trip to Southern abattoirs.

The SA LE’s smaller mixed quality yarding contained local and pastoral bred cattle. Feeders were active on a large selection of lightweight store yearlings, with well bred steers attracting the strongest bidding.
 
The yarding featured mainly yearlings that sold to generally improved prices to the trade.

Naracoorte’s similar numbered yarding of mainly young cattle and grown steers sold to steady trade and export competition.
 
The fluctuating trend was noticeable on the yearling heifers when bidding improved on suitable lots.

Mt. Gambier’s smaller yarding contained mixed quality runs of young cattle and cows, while a very good quality yarding of grown steers and bullocks attracted improved prices.
 
Cows including lines of pastoral breds also sold at generally dearer levels.

After last week’s weaker trend, Millicent’s numbers retreated on mixed quality runs that sold to limited trade and export competition.

Erratic trends

Vealer steers to the trade sold from 173¢ to 220¢ with isolated B muscle sales to 242¢, to be generally 4¢ to 13¢/kg cheaper.
 
Feeder and restocker purchases of C1 and C2 mainly lightweights sold from 170¢ to 205¢/kg.
 
Vealer heifers to the trade sold mainly between 165¢ and 216¢ with B muscle sales up to 232¢, at prices 3¢ to 8¢/kg less. Yearling steer were from 168¢ to 210¢, or unchanged to 8¢/kg dearer.
 
Feeder purchases of C2 steers sold mainly from 175¢ to 196¢/kg.
 
Medium and heavy yearling heifers sold from 150¢ to 199¢, with the heavyweights generally 4¢/kg cheaper.

Grown steer and bullock were from 174¢ to 198¢, or unchanged to 10¢/kg dearer and generally from 310¢ to 350¢/kg cwt.
 
Medium and heavy beef cows to increased competition sold from 110¢ to 146¢ to be up to 4¢/kg dearer, or from 240¢ to 290¢/kg cwt.
 
The pastoral bred cows sold to mainly processor and some restocker activity from 110¢ to 146¢/kg.

 
 
 
 
 
 
 
 
 
 

Source: Argentine Beef Packers S.A.

Marel

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