AuctionsPlus commercial cattle numbers fell 5% this week, totaling 16,702 head, with overall demand reducing by 19 percentage points to register a 54% clearance rate. The price over reserve kicked up $26 to average $110 above set reserve rates, and the benchmark steer price indicator lifted 7% to average $1,179/head. The AuctionsPlus Young Cattle Indicator was flat on last week at 362c/kg liveweight. The sold-during-auction premium continues to widen against post-auction sales, with sold-at-auction averaging 25% above post-sale results this week.
