Demand boosts price for slaughter cattle
SLAUGHTER cattle prices were up at Mareeba Saleyards yesterday with more demand in the market.
Queensland Rural auctioneer and partner Jacko Shepard said the Mareeba Combined Agents Tuesday Prime and Store Cattle Sale experienced a stronger market in the slaughter type cattle and improvement in store cattle.
“We had a very good line of slaughter and store cattle from Merepah Station, Coen about 947km north of Mareeba,” he said.
“The Mareeba market is very competitive with the rest of Australia.
“The market for plainer type cattle was similar to previous weeks at Mareeba.
“I think due to the number of cattle that is available throughout Queensland the market for slaughter type cattle will hold very well in the future.”
The Elders Market report said Mareeba agents penned a total of 556 head for this week’s Prime and Store Sale which was down by 45 on last week’s sale. The market was dominated by mostly culled station cows from the Northern Cape area.
The biggest percentage of steers was not quite suitable for the local trade and these types have gone off to a feedlot which has kept values firm.
Local trade heifers were limited in numbers and values reduced by 6c/kg. Local trade cows improved slightly and were up 6c/kg.
Slaughter oxes were firm to 6c/kg cheaper, while cows were back in value slightly with none making over 185c/kg.
editorial@cairnspost.com.au facebook.com/TheCairnsPost www.cairnspost.com.au twitter.com/TheCairnsPost