Commercial cattle listings on AuctionsPlus rose by 7% this week to total 18,792 head. The largest single weekly listing of 2023 was met with subdued demand, resulting in a 38% clearance. So far, each week in May has been the highest weekly listing for the year, signifying producers looking to offload stock as we approach winter. Prices were mixed across the board with heifers and breeding stock experiencing falls due to increased supply, however, steer prices increased this week providing some reprieve. Value over reserve fell $43, to average $67 above reserve prices.
