AuctionsPlus commercial cattle numbers slipped by 3% this week, with 11,691 head offered. The smaller offering was met with mixed competition as clearance fell to 63%, while value over reserve lifted by $13 to average $71.
AuctionsPlus commercial cattle numbers slipped by 3% this week, with 11,691 head offered.
AuctionsPlus General Manager - Network Paul Holm said results this week were consistent with this time of year, commenting that "young cattle, in general, have experienced stronger clearance rates."
"Anything sold with a calf on the ground has been met with reasonably good demand," Mr Holm said.
Meanwhile, young cattle have also performed well with steers weighing 280-230kg returning 85% clearance. Heifers in the same weight range had a clearance rate of 77%.
Steers weighing over 400kg registered a larger offering of 782 head and averaged $1,643/head, up $91 from last week. Prices ranged from 339 - 374c/kg and averaged 363c/kg lwt.
Non station-mated Heifers and Calves registered a smaller offering of 270 head and averaged $2,227/head, up $178 from last week for a 65% clearance.
Heifers 200-280kg registered a smaller offering of 898 head and averaged $808/head, up $105 from last week for a 62% clearance.
Processor/feedlotter activity accounted for 3.76% of the sold offering, rising from last week's 2.82%.
From Springhurst, Victoria, a line of 36 Angus cows aged 4 to 9 years old and weighing 575kg returned $2120/head, or 369c/kg lwt and will travel to a buyer in Molong, NSW.
From Ben Lomond, NSW, a line of 28 Droughtmaster/Simmental Cross cows aged 4 to 4.5 years old and weighing 385kg returned $1950/head, or 507c/kg lwt and will travel to a buyer in Ashford, NSW.
From Mangoplah, NSW, a line of 70 Angus steers aged 14 to 16 months old and weighing 487kg returned $1820/head, or 374c/kg lwt and will travel to a buyer in Murray bridge, South Australia.
Weekly Market Price Tables
Editor's note: You may have noticed we've made some changes to our weekly cattle market report. Never before have APlus News readers had access to so much data - covering not only this week's sale, but four weeks worth of information, all in one interactive table.
AuctionsPlus commercial cattle numbers increased by 2% this week, with 11,966 head offered.
The Value Over Reserve also lifted $59 to $88, while the clearance rate dropped eight percentage points to 49% at the close of sales on Friday.
AuctionsPlus General Manager - Network Paul Holm said the breeding stock offering was up 27% on last week, which affected clearance on the back of PTIC heifers and SM cows and calves.
The PTIC heifers had a particularly tough week, with just a 13% clearance.
Steers weighing over 280kg had strong clearances from 74-89% at the close of sale on Friday - which is likely to increase over the weekend.
Mr Holm said there were a lot of southern NSW listings, with the majority going into Queensland.
Processor/feedlotter activity accounted for 2.82% of the sold offering, down from last week's 6.92%.
From Uralla, NSW a line of 25 Angus steers aged 12 to 13 months old and weighing 298kg returned $1360/head, or 457c/kg lwt and will travel to a buyer in Quirindi, NSW.
From Adavale, Queensland, a line of 118 Droughtmaster Cross heifers aged four to 13 months old and weighing 233kg returned $660/head, or 283c/kg lwt and will travel to a buyer in Charleville, Queensland.
From Glencoe, NSW, a line of 72 Angus cows aged 2.5 to three years old and weighing 465kg returned $2000/head, or 430c/kg lwt and will travel to a buyer in Barraba, NSW.
AuctionsPlus commercial cattle numbers fell by 13% this week, with 11,723 head offered.
AuctionsPlus General Manager - Network Paul Holm said results were really mixed this week.
"When you look through the catalogue there are some quite good results, but there are others without bids," Mr Holm said.
He said a level of uncertainty in the market, perhaps brought about by seasonal conditions, may have impacted the clearance rate this week.
However, he expected strong post sale negotiations to lift the $44% clearance rate mid-afternoon on Friday. This figure will update in the above graphic in real time over the weekend.
Mr Holm also reiterated that getting your livestock on the market, and pricing them right, was key to good clearance.
The bright spot in prices this week was for steers weighing over 330kg fetching a week-on-week increased head price of $15-16.
Listing numbers out of NSW fell almost 2000 head this week and WA re-entered the market with 54 head. Purchases out of NSW also dropped more than 3000 head.
Processor/feedlotter activity accounted for 6.92% of the sold offering, up from last week's 4.6%. Buyers showed particular interest in steers over 330kg this week, with only one heifer lot purchased.
From Drik Drik, Victoria, a line of 85 Angus steers aged 12 to 14 months old and weighing 367kg returned $1670/head, or 455c/kg lwt, and will travel to a buyer in The Gurdies, Victoria.
From Padthaway, South Austrlalia, a line of 88 Angus heifers aged 17 to 19 months old and weighing 429kg returned $1460/head, or 341c/kg lwt and will travel to a buyer in Two Wells, South Australia.
From Toobeah, Queensland, a line of 39 Angus cows aged 36 to 40 months old and weighing 514kg returned $1710/head, or 333c/kg lwt and will travel to a buyer in Moura, Queensland.
AuctionsPlus commercial cattle numbers lifted by 3% this week, with 13,350 head offered. However, demand has continue to ease compared to previous weeks, now sitting at 57%. Value over reserve has fallen $23 from last week to average $76. However, this week's VOR is still sitting $6 above the lowest VOR recorded in the past month. The AuctionsPlus Young Cattle indictor increased by 8c to average 755c/kg dw.
Prices were mixed across the steer and heifer weight categories, with two up and two down for both sets of categories. Steers weighing 200-280kg saw an average gain of $47/head by a $/head basis. However, on a cents per kilo basis, prices fell by 9c to average 441c/kg lw.
Heavier steers weighing 280-330kg also felt a rise in price from the week prior, increasing $43/head on a $/head basis.
Breeding stock saw strong gains across joined cattle, with prices increasing in the PTIC Cows, PTIC Heifers as well as the station mated Heifer categories. However, non station mated cows and heifers both experienced declines.
Victoria listed 35% more than last week to total 1,840 head and achieved a 65% clearance rate. Queensland's listings were down 26% from the week prior. However, they were still the second highest listing state at 2,550 head. Queensland did the bulk of the purchasing this week, securing 31% of the sold offering.
Listing numbers out of New South Wales remained relatively steady from the week prior, experiencing a 6% increase in numbers with a total of 7,748 head offered.
Processor/feedlotter activity accounted for 4.6% of the sold offering, a pinch on last week's notable increase where activity lifted to 12.6%. Buyers showed particular interest in females this week, with mid-weight heifers attracting significant interest, while heavier steers continue to attract consistent competition.
From Dysart, TAS a line of 27 Angus/Angus heifers aged 13 to 14 months old and weighing 323kg returned $1300/head, or 402c/kg lwt and will travel to a buyer in Launceston, TAS
From Coonabarabran, NSW a line of 109 Angus/Angus steers aged 9 to 12 months old and weighing 302kg returned $1450/head, or 480c/kg lwt and will travel to a buyer in Tamworth, NSW.
From Caramut, VIC a line of 114 Angus/Angus steers aged 11 to 12 months old and weighing 372kg returned $1490/head, or 400c/kg lwt and will travel to a buyer in Casterton, VIC.
AuctionsPlus commercial cattle numbers lifted by 23% this week, with 12,903 head offered. However, demand eased compared to previous weeks, now sitting at 65%. Value over reserve continued to rise, averaging $122 above set reserves - $52 higher than the lowest VOR recorded in the past month. The AuctionsPlus Young Cattle indictor fell by 5c to average 754c/kg dw.
Passed-in lots accounted for 3,600 head, or 28% of the total offering. These lots received bidding activity but didn’t reach their set reserve rates and will be negotiated over the weekend and into next week secure a sale.
Post-sale updates were strong for last week’s sales, with the clearance rate rising by eight percentage points, from 76% to 84%.
Prices were mixed across the steer and heifer weight categories, with two up and two down for both sets of categories. Steers 400kg and above fell on a $/head basis by $20/head but lifted on a cents per kilo basis by 10c to average 401c/kg lw.
Breeding stock saw strong gains in the cow and calf categories, while joined cows experienced declines.
New South Wales listed 15% more than last week to total 7,305 head and achieved a 66% clearance rate, while Queensland listed 49% more than last week and was the second highest listing state at 3,455 head, achieving a 69% clearance rate. New South Wales did the bulk of the purchasing, securing 50% of the sold offering, followed by Queensland who picked up 31%.
Processor/feedlotter activity lifted noticeably, accounting for 12.3% of the sold offering. Buyers showed particular interest in females this week, with mid-weight heifers attracting significant interest, while heavier steers continue to attract consistent competition.
Highlights
From Bishopsbourne, TAS a line of 15 Angus steers aged 11 - 12 months old and weighing 283kg returned $1,350/head, or 478c/kg lwt and will travel to a buyer in Winnaleah, TAS.
From Table top, NSW a line of 108 Angus/Angus heifers aged 12 - 13 months old and weighing 290kg returned $1,420/head, or 490c/kg lwt and will travel to a buyer in Gobarralong, NSW.
From Beaudesert, QLD a line of 7 Speckle Park/Speckle Park PTIC cows aged 4 - 6 years old and weighing 593kg returned $3,660/head, or 618c/kg lwt and will travel to a buyer in Dungay, NSW.
AuctionsPlus commercial cattle numbers fell 23% this week, with the reduced yarding of 10,544 head retaining similar prices from the previous week. Value Over Reserve lifted $27 to reach $104 and the clearance rate was steady at 76%.
There were very few light steers and heifers offered this week, with these categories also experiencing average price decreases.
Breeding stock largely recorded an upswing in per head prices, particularly PTIC and SM heifers, even with low clearances.
Processor activity lifted to 6.25% from nearly 4% last week.
Queensland halved the number of cattle it offered this week and buyers from the state also purchased about 1000 less head compared to the previous week.
Highlights
From Mendooran, NSW, a line of 45 Angus steers aged 11 to 13 months old and weighing 393kg returned $1530/head, or 390c/kg lwt and will travel to a buyer in Bodangora, NSW.
From Coonamble, NSW, a line of 28 Angus heifers aged 12 to 13 months old and weighing 373kg returned $1340/head, or 359c/kg lwt and will travel to a buyer in Inverell, NSW.
From Murrindindi, Victoria, a line of one Angus cows aged five years old and weighing 604kg returned $2500/head, or 414c/kg lwt, and will travel to a buyer in Camperdown, Victoria.
AuctionsPlus commercial cattle numbers fell 3% this week, with the 13,672 head also experiencing moderate price decreases. The lighter end of the steer market recorded the strongest gains again this week, however heifers in all weight categories except one fetched reduced head values.
The dashboard may look destressing in all red but AuctionsPlus General Manager - Network Paul Holm reported this week's market reflected more normal market conditions, coming off an exceptional high result last week.
He also expected the clearance rate to continue to climb over the weekend, as post sale negotiations continue.
Processor activity dropped to 4% from nearly 11% last week, with the majority of interest in heifer lots, including one lot of PTIC heifers.
25% of all lots were purchased by inter-state buyers, seven percentage points higher than last week.
Highlights
From Bingara, NSW, a line of 66 Angus/Brangus steers aged sevent to 10 months old and weighing 317kg returned $1245/head, or 392c/kg lwt, and will travel to a buyer in Dorrigo Mountain, NSW.
From Bathurst, NSW, a line of 40 Angus heifers aged 11 to 12 months old and weighing 315kg returned $1150/head, or 365c/kg lwt, and will travel to a buyer in Blayney, NSW.
From Blackall, a line of 54 Santa Gertrudis cows aged four to five years old and weighing 569kg returned $2290/head, or 403c/kg lwt, and will travel to a buyer in Talwood, Queensland.
AuctionsPlus commercial cattle numbers lifted 41% this week, with the 14,075 head also securing moderate price increases. The lighter end of the steer and heifer market recorded the strongest gains and clearance rates for the second week in a row.
Value over reserve increased by $28 this week to average $104 above set reserves, as buyers had to push a bit harder to secure lots. The 280-330kg steer indicator was the only steer indicator lifted 2%, averaging $1,244/head, while the AuctionsPlus Young Cattle indicator lifted 5c to average 390c/kg lw.
Processor/feedlotter activity picked up again this week to 10.91%, with 1,246 head purchased.
Queensland was the largest listing state this week, with the 7,002 head, more than 2,000 extra compared to last week. The offering received some strong competition from both local and interstate buyers, with most of the offering selling between Queensland and NSW.
From West Kentish, Tasmania, a line of six Sim-Angus steers aged 16 to 17 months old and weighing 464kg returned $1910/head, or 412c/kg lwt and will travel to a buyer in Penguin, Tasmania.
From Mandurama, NSW, a line of 94 Angus heifers aged 12 to 13 months old and weighing 328kg experienced some hot competition to return $1820/head, or 555c/kg lwt and will travel to a buyer in Walcha, NSW.
From Baddaginnie, Victoria, a line of 21 Angus heifers aged 22 to 24 months old and weighing 475kg returned $1650/head, or 348c/kg lwt and will travel to a buyer in Tarnook, Victoria.
