AuctionsPlus commercial cattle listings more than doubled to 8,492 head. Clearance was a healthy 77%. Benchmark steers (280-330kg) rose 4% to $1,170 but value over reserve fell $7 to $106. The AuctionsPlus Young Cattle Indicator fell 7 points to 363.
AuctionsPlus commercial cattle listings fell by 30% this week to 12,434. The smaller offering saw good take-up by buyers however, with clearance rebounding 23 points on last week's poor showing to 59%. Prices for benchmark steers 280-330kg rose by 8% while value over reserve also jumped $53 points to $76. The AuctionsPlus young cattle indicator also rose 23 points.
A tough week for commercial cattle this week with the 17,760 head managing to clear just 36%. Steers 280-330kg have held steady in terms of price but the AuctionsPlus Young Cattle Indicator fell 23 points.
AuctionsPlus commercial cattle lifting rose slightly to 17,205 head. Competition was subdued however, with a clearance of 54%, down 10 percentage points on last week.
AuctionsPlus commercial cattle listings fell by 10% to 16,743 head this week. The average values over reserve measure extended by $16 to $96/head, indicative of strong competition within lots that were favoured by buyers.
