Many sales were cancelled due to wet weather this week – market reports
REPORT week ending October 19.
Good rainfall on the eastern seaboard resulted in a reduced yarding of 330 head.
Young cattle dominated the yarding with a small number of cows on offer as well as bullocks and bulls.
The yarding consisted of mixed condition cattle however, there were several pens of well finished supplementary fed cattle on offer.
All categories of cattle improved in price, where vealers topped at 294.2c/kg realising $1,019.16 for B&C Active.
Yearling heifers made to 278.2c/kg, making $1,158.44 for producer Malcolm Campbell while yearling steers topped at 266.2c/kg and sold by Neil Yates.
Santa gertrudis cross cows made to 258.2c/kg, making $1,402.89 for producers FCF Partnership.
THERE was a slight reduction in numbers, but most categories were similar to last week.
Again, a limited penning of grain assisted cattle in the offering.
Trends improved throughout the penning, with strong competition experienced in the feeder cattle.
All the regular operators, processors, feeders and restockers were present and competed strongly.
There were no weaners to quote, however, yearling steers to feed saw rising trends of 12c to 25c, while restockers operated on the light weight steers to post increases of over 50c/kg.
Heifer yearlings responded with increases of 23c for restocker types and up to 40c/kg dearer on feeders.
Trade yearlings also saw dearer trends.
Grown steers saw dearer trends of 30c and grown heifers to the trade saw rising trends of 16c/kg, with the better quality categories having a big bearing on the outcome.
Plainer cows saw substantial increases, with restockers competing strongly on the light drafts.
Medium weight two score cows were also dearer, up to 30c/kg. Well finished 3 and 4 score cows saw dearer trends of 8c to 11c/kg.
A quality penning of bulls saw that category sell, to trends of 14c/kg dearer.
NUMBERS increased following last week’s rain reduced offering.
The recent upturn in prices drawing more cattle onto the market.
Yearlings made up the bulk of the penning, followed by cows and then grown heifers.
The quality of the offering varied as did condition.
There were quite a few yearlings that had access to a grain supplement and showed varying degrees of finish. The usual processors attended and restockers were particularly active.
Steers were keenly sought after.
Boosted by restocker confidence market trends through the young cattle were dearer and substantially so through the steer portion.
Any negatives in price change were quality and breed related. Light weight steers, both vealers and yearlings, were up to 40c/kg dearer.
The steers showing little price improvement were of a lessor quality. Light, medium and heavy weight yearling steers suitable to feed followed a similar trend, up to 40c/kg dearer where restockers also competed strongly.
Yearling heifers also sold to dearer trends, although the improvements were not as great.
The big improvements were seen earlier. Feeder heifers were up to 10c/kg dearer.
Well finished heifers suitable to the trade sold on a firm to dearer trend, with some quality related price change.
There were too few well finished heavy grown steers to quote. Well finished grown heifers saw a firm to dearer market trend, up to 8c/kg.
The cow market experienced dearer trends of 20c/kg and more in places. The negatives in the price change were quality related, with the increase in supply affecting average quality.
NUMBERS remained steady with more rain across the drawing areas. Yearling and cows made up the bulk of the offering, with limited supplies through the other categories. There was a large number of plain condition young cattle, although those showing better condition were also in fair numbers.
The usual buyers attended, however not all orders were utilised due to the lack of suitable cattle in some of the categories.
Restocking orders, revitalised by a change in colour on the ground, were strong, with price showing extraordinary improvements in places. Cattle suitable to processors also attracted strong demand.
The keen demand from restockers resulted in dearer trends throughout the young cattle classes.
There were some quality related price changes that did not reflect the nature of the market. Light weight steers, regardless of muscle and condition scores, saw a trend that was 20c to 50c dearer and more in places, going much as 100c/kg dearer in some cases.
The heifer portion also sold to dearer trends, although price improvements were not as great.
Medium and heavy yearlings steers suitable to the feedlot orders experienced strong gains, while again the heifer portion was less affected.
Strong price gains were experienced for all classes in the cow market.
Medium weight 1 and 2 score cows saw a dearer trend of 20c to 40c/kg, with quite a variation in both weight and estimated yield potential.
The well finished cows saw average prices improve by 15c to 22c, with the market trend up to 21c/kg dearer.
DESPITE beneficial rainfall over the past two weeks, there was an increase in numbers.
Young cattle made up the bulk of the offering, with cows also in fair numbers.
The condition of the offering was plain for the most part and quality was very mixed.
The usual processors were operating, however there were very few cattle to suit. Restocker influence was high.
Demand for cattle returning to the paddock increased dramatically, with little regard shown for quality or condition. Weight also played little part in decisions.
Market trends through the vealer and yearling cattle were much dearer, with some extreme sales recorded.
They were not back to the high levels of the past, although some sales were not far off. The better quality yearling steers trended as much as 20c/kg dearer.
The better quality yearling heifers suitable to feed were as much as 40c/kg dearer.
GOOD PRICES: Yearling heifers made to 278.2c/kg at the Casino saleyards late last week.