AuctionsPlus commercial cattle listings lifted to 11,579 head, increasing by 36%. The larger offering was met with mixed competition as clearance lifted to 58%, while value over reserve was steady at $69, suggesting that vendors are adjusting expectations and reserves lower. The higher offering brings 2023 throughput more in line with typical Spring market conditions, given the reduced concern of an FMD incursion compared to this time last year. Breeding stock prices were well supported by a reduced offering. While the opposite occurred for young heifers and steers, with listings 60% higher and declining prices.
