Weekly Cattle Market Report 2024

AuctionsPlus commercial cattle listings held steady this week with 15,050 head offered. The average Value Over Reserve achieved was $83, an increase of $33 week on week.

AuctionsPlus commercial cattle numbers lifted by 23% this week, with 12,903 head offered. However, demand eased compared to previous weeks, now sitting at 65%. Value over reserve continued to rise, averaging $122 above set reserves - $52 higher than the lowest VOR recorded in the past month.

AuctionsPlus commercial cattle numbers fell 23% this week, with the reduced yarding of 10,544 head retaining similar prices from the previous week. Value Over Reserve lifted $27 to reach $104 and the clearance rate was steady at 76%.

AuctionsPlus commercial cattle numbers fell by 7% this week, with the 9,952 head meeting decreased demand clearance falling five percentage points to 78%. The lighter end of the steer and heifer market recorded the strongest gains again this week, while the heavier end of the market slumped in both price and clearance rate.

AuctionsPlus commercial cattle numbers fell by 24% this week, with the 10,720 head attracting stronger demand than last week with clearance increasing 10-percentage-points to 77%. The stronger demand was felt across all stock categories this week, with only one category from each of steers, heifers and breeding stock falling in value. The lighter end of the steer and heifer market recorded the strongest gains after falling last week, while the heavier end of the market continues its strong run.

Feeder steers (400kg and above) on a cents per kilo basis enjoyed the highest average for all steer categories. Feeder steers averaged 412c, which was 6c above the 280-330kg steer category which averaged 406c.

AuctionsPlus commercial cattle numbers lifted 31% this week to 12,441 head offered.

AuctionsPlus commercial cattle numbers fell 24% this week to 9,525 head offered. The Value Over Reserve increased $8/head to $95, while the clearance rate fell 8 percentage points to 82%.