Cattle market working through Spring
The cattle market took a step back last week (week ending November 8). Online on AuctionsPlus, averages dropped by 5-70c for all store and feeder cattle across all weight class of steers and unjoined heifers, this is off the back of a rise for all categories the previous week (November 1). Further to this, the MLA EYCI week to week fell from 633c to close of on November 8 at 615c. However, rather than this being a genuine fall in price and reduction in buyer demand, I feel this the Spring market working itself out as numbers are on offer. Online clearance for steer categories 0-400kg were all above 80%.