While there were plenty of twists-and-turns in this week’s AuctionsPlus commercial cattle sales, final results for the week were generally higher, seeing young heifer lines regaining most of last week’s slippage.
Underpinned by another amazing week of bull sale results, producer confidence for the remainder of 2022 seems to be rising with the day-time temperatures.
In what was almost a carbon-copy of last week’s commercial cattle auctions, seasonally low offerings and ferocious competition spurred prices higher across most categories this week, with the 5,298 head offered up 3% on last week.
Market fundamentals came to the fore in the AuctionsPlus commercial cattle market this week, as a significant reduction in supplies spurred buyer competition, pushing prices higher, with “perfect” clearance rates registered across several categories this week.
