AuctionsPlus commercial cattle listings lifted to 16,839 head, increasing by 11% in the week ending 21st June 2024. The larger offering was met with mixed competition as clearance fell to 52%, while value over reserve lifted by $74 to average $108.
AuctionsPlus General Manager-Network analyses the online sheep market trends from the week, including significant post-auction negotiations bumping the final clearance figures and other insights.
The tighter supply was met with another week of strong clearance rates, averaging 78% for the week, which is a three-percentage point rise from last week.
AuctionsPlus commercial cattle numbers fell 5% this week, totalling 16,702 head, with overall demand reducing by 19 percentage points to register a 54% clearance rate.
AuctionsPlus cattle listings remained almost exactly the same as the previous week, with just a two-head difference. The Value Over Reserve jumped significantly by $28 to $95.
AuctionsPlus Sheep and Lamb listings steadied this week, with just a 1% decrease in the yarding, after significant declines in previous weeks. The Value Over Reserve continued to rise with a jump of $6 week on week to $15.
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