AuctionsPlus commercial cattle listings lifted to 8,422 head, increasing by 2%. The larger offering was met with subdued demand as clearance slipped to 56% and Value Over Reserve fell to $61. The cattle market overall continues to track sideways, with steers slipping slightly this week and heifers bouncing back. Interestingly, young steers and heifers between 200kg and 400kg have been averaging about $1,000/head for nine weeks now. The sentiment that a $1,000 weaner is too cheap to pass-up may be contributing some support at this price level.

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AuctionsPlus commercial sheep and lamb listings rebounded significantly after last weeks historically low offering with 43,783 hea...
AuctionsPlus commercial cattle listings lifted to 8,245 head, increasing by 16%. The larger offering was met with subdued demand a...
AuctionsPlus commercial sheep and lamb listings halved from last week to 18,879 head as the wet and cold conditions impact listing...
AuctionsPlus commercial sheep and lamb listings rebounded significantly after last weeks historically low offering with 43,783 head offered.
AuctionsPlus commercial cattle listings lifted to 8,245 head, increasing by 16%. The larger offering was met with subdued demand as clearance slipped to 58% and Value Over Reserve fell to $77.
AuctionsPlus commercial sheep and lamb listings halved from last week to 18,879 head as the wet and cold conditions impact listings.
AuctionsPlus commercial sheep and lamb listings lifted to 37,483 head, increasing by 16%. The larger offering contributed to a lower clearance of 56%, while value over reserve fell by $1 to average $12.
Low prices and high pasture availability is causing greater retention of cattle on farm. Buying activity is likely to ramp up as we edge closer to spring and the days get longer.
AuctionsPlus commercial cattle listings slipped to 7,284 head, decreasing 26%. Value over reserve increased $16 to average $113/head, while clearance fell to 53%.
AuctionsPlus commercial sheep and lamb listings lifted by 5% to 31,642 head, as demand picked up this week with clearance increasing 27 percentage points to 63% after last week’s very subdued clearance.
AuctionsPlus commercial cattle listings lifted slightly this week to 9,874 head. The small offering generated strong competition and saw clearance jump to 66% and VOR rise to $97/head.

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