AuctionsPlus commercial cattle listings lifted to 8,422 head, increasing by 2%. The larger offering was met with subdued demand as clearance slipped to 56% and Value Over Reserve fell to $61. The cattle market overall continues to track sideways, with steers slipping slightly this week and heifers bouncing back. Interestingly, young steers and heifers between 200kg and 400kg have been averaging about $1,000/head for nine weeks now. The sentiment that a $1,000 weaner is too cheap to pass-up may be contributing some support at this price level.
