Listings of commercial cattle on AuctionsPlus slipped back 8% this week to total 15,865 head. The improved market sentiment due to recent rain has increased listings on AuctionsPlus, with the last two week’s offerings the highest for the year so far. This has in turn reduced competition for stock this week, with young cattle prices tracking mostly sideways over the last month. Clearance rate fell 13 percentage points to 50% while value over reserve declined $26 to average $109.
