After an extremely quiet August, numbers through AuctionsPlus commercial cattle sales roared back to life this week, with the 9,692 head offered up 83% on last week.
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.
It was another tough week for the national cattle market, as the declining producer confidence and winter doldrums kept prices heading south for most categories.
It was a subdued first week of July offerings through AuctionsPlus commercial cattle sales this week, with the 13,010 head offered down 31% on last week.
The national young cattle market eased further this week, as online prices took the largest coordinated step back in several months, as uncertainty and buyer resistance took hold.
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