Oversupply of plain cattle hits national market
THE beef market is still struggling to find a price base this spring as it continues to be buffered by the dry weather and oversupply of light and plain cattle.
Price trends across the major saleyards last week were mixed, the general rule being firm to modestly dearer results for quality cattle with weight while any secondary young steers and heifers were discounted.
Supply remains the biggest issue for the market.
The latest available slaughter figures, for the first week of September, put the eastern states cattle kill at 140,000, which is 10 per cent higher than the same time last year.
The dry conditions are reflected, with the female cattle kill tracking 21 per cent higher in NSW.
In Queensland the female kill is up 34 per cent on a year ago.