AuctionsPlus commercial cattle offerings lifted again this week, rising 43% to 11,281 head. Clearance remained strong at 85%, up on the 78% clearance of this time last week. Given last week's ultimate clearance of 87% following post-auction sales, the trend is looking very positive. Value over reserve also showed a positive increase, up $21 to $151. 

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AuctionsPlus commercial cattle offerings increased more than 50% this week and recorded a $29 lift in average prices.
First sale for 2024 saw low listings, but stronger prices for steers and heifers
AuctionsPlus commercial cattle saw little more than a third of the total listings cleared with confidence seemingly tested by last week’s muted confidence.
Vendors tested the market with the highest listing in over a year, as producers looked for a Christmas bump. The larger offering was met with lower clearance and prices.
AuctionsPlus recorded its largest offering since early June, and strong price gains were seen across much of the platform, particularly for steers.
The offering available on the AuctionsPlus platform has again continued its upward trend, most noticeably in heavier lines of both steers and heifers.
The positive weather is putting confidence into the market with lighter weight steers and heifers recording significant price rises and very high clearance rates.
Of significant note this week was the number of heavier lines of steers offered with 903 head or 33% of the total offering of steers, being made up made up of 400kg+ lines. It didn't affect competition, with all steers returning better prices than last week.

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