With Longreach commencing their typical fortnightly sale rotation until the end of the year, total supply declined 14%.
The remainder of the markets reported by MLA’s NLRS recorded a mixed trend.
Mareeba, Murgon, and the 2 Roma markets were all larger, while the other markets recorded reduced throughput.
The two largest markets were Roma Store and Dalby, which when combined accounted for 68% of the states reported numbers.
Quality continues to be mixed in line with the seasonal conditions evident across all categories. As a result plain light cattle were in substantial numbers as yearlings accounted for 50% of the states throughput.
Export cattle were mostly grown steers, although cows were also well supplied.
Feeders and restockers active
The regular field of buyers were present however there were less restocker buyers present at the Roma store sale.
Feeder and restocker purchases though as a percentage of throughput increased slightly to 46% on last week’s levels, with most of their attention focussed on the light yearling steers.
Even though supply has declined, prices have continued their downward trend.
The general slip in quality, large numbers going direct to works, the position of the A$ along with weak demand are all continuing to place negative pressure on physical market prices.
The strongest competition though was for the finished cattle which held close to firm.
Slipping prices continue
Most of the vealer steers went to restockers from 180¢ to 199¢ as those to slaughter ranged from 167¢ to 187¢/kg.
The vealer heifers were predominately medium weights to the trade which managed to improve 1¢ to average 188¢/kg. Large numbers of light C2 yearling steers to restockers lost 5¢ as plainer lines lost 12¢/kg.
Medium weights to feed were 1¢ to 8¢/kg cheaper and again it was the D muscle lines that were dealt the greatest losses. Most of the light heifers were 6¢ to 8¢/kg cheaper to restockers and the trade.
The majority of the grown steers were heavy weights or bullocks that made around 182¢/kg to be close to firm. The D3 medium weight cows held firm at 135¢/kg, while the 2 and 4 scores were cheaper.
The heavy D3 and D4 cows were slightly cheaper with most sales from 136¢ to 148¢/kg.
Source: Argentine Beef Packers S.A.
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