The national cattle market looks determined to run flat-out into the final weeks of 2021, with another very good week of clearance results for vendors. As has been the case for much of the past year, the rain continues to dictate the market sentiment, with flooding through key cattle regions, especially in Queensland, likely to impact the market for months to come.
The main feature of this week’s results was the conflicting movements within the young cattle categories, with some significant shifts between neighboring weight categories. As 200-280kg steers declined $31/head for the 1,287 head offered, to average $1,775/head - the next category up, 280-330kg steers, jumped $83, to averaged $2,132/head. Out of Eromonga, Western Queensland, 108 weaned Charolais/Charolais cross steers sold to $1,940/head – ranging from 152-307kg/head, averaging 229.8kg. 330-400kg steers jumped $168 on last week, to average $2,278/head – with a rebound in the weekly clearance rate to 90% for the 953 head offered.
Table 1: AuctionsPlus National Weekly Cattle Prices
Table 2: AuctionsPlus Queensland Weekly Cattle Prices
Table 3: AuctionsPlus Angus Weekly Cattle Prices
Demand for heavy steers exceeding 400kg continues to be very robust, with a 93% clearance rate registered for the 1,128 head offered. The category averaged 7c higher on last week, at 569c/kg lwt. An indicative line of 72 Angus feeder steers, averaging 472.9kg liveweight, out of Oberon NSW, sold to 617.3c/kg, equating to $2,919/head.
Like the young steer lines, young heifer results were also mixed for the week, with the lightest category results heavily influenced by dairy lines. The largest category with 1,041 head, 330-400kg heifers dropped back $231 on last week, giving up most of last weeks $260 increase, to average $2,145/head – albeit with a 99% clearance rate. Similarly, 280-330kg heifers dropped back $190, to average $1,944/head – with a 91% clearance rate for the relatively small offering of 622 head.
For the breeding stock market, PTIC heifers again dominated the offerings, with the very large 2,525 head offered, up 47% on last week, with an 85% clearance rate. The average price for the week felt the impact of the increased numbers, with prices averaging $147 lower, at $3,035/head. PTIC cows sold $154 higher on last week, to average $3,125/head – with a 93% clearance rate for the 1,092 head offered.
Weekly Cattle Summary – w/e Friday 3rd December, 2021
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s
