With an overall clearance of 97% and 10-out-of-11 categories reaching a “perfect” 100% clearance, it was a unique week for the Queensland cattle market.
Heifers and breeding cows accounted for 59% of listings across the quarter, with 136,570 head, while steer listings accounted for 35%, with 82,536 head.
In the first two weeks of August, weekly commercial cattle prices have shown signs that the winter chill has thawed, as buyers targeted the lower prices as an opportunity to step in and buy – pushing clearance rates up to 94% with average final sale values reaching $213/head over reserve.