National throughput at markets reported by MLA’s NLRS declined 5% this week, with prices remaining mixed across all categories.
Despite the reduction in total throughput, the Eastern Young Cattle Indicator (EYCI) declined 4.5¢ to make 376.75¢/kg cwt.
Quality throughout the eastern states remains plain and unfinished, although pockets of supplementary fed cattle are starting to enter the market.
Restockers competed strongly for trade steers, with reports of some good supplementary lines yarded, which helped underpin a 4¢ lift in prices, settling at 393¢/kg cwt.
Medium weight steers were well sought after, particularly in Queensland, with fierce demand from feeder buyers driving prices up 6¢, to average 335¢/kg cwt.
Heavy steers remained relatively firm on last week, making 339/kg cwt, while weaker demand from processors for medium cows underpinned a 4¢ decline, averaging 269¢/kg cwt.
Source: MLA.com
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