Weekly Cattle Comments - 04.08.23

AuctionsPlus commercial cattle listings lifted to 11,579 head, increasing by 36%. The larger offering was met with mixed competition as clearance lifted to 58%, while value over reserve was steady at $69, suggesting that vendors are adjusting expectations and reserves lower. The higher offering brings 2023 throughput more in line with typical Spring market conditions, given the reduced concern of an FMD incursion compared to this time last year. Breeding stock prices were well supported by a reduced offering. While the opposite occurred for young heifers and steers, with listings 60% higher and declining prices.

Table 1: AuctionsPlus National Weekly Cattle Prices
Table 2: AuctionsPlus Queensland Cattle Prices
Table 3: AuctionsPlus Angus Cattle Prices
Report: Interactive Market Dashboard

Steers

Steers 200.1-280kg registered a larger offering of 2,136 head and averaged $852/head - up $17 from last week for a 49% clearance. Prices ranged from 119 - 420c and averaged 346c/kg lwt. From Tambo, Queensland a line of 102 Brangus/Brangus steers aged 5 to 12 months old and weighing 223kg returned $850/head, or 381c/kg lwt.

Steers 280.1-330kg registered a larger offering of 1,607 head and averaged $1,050/head - down $36 from last week for a 67% clearance. Prices ranged from 219 - 390c and averaged 342c/kg lwt. From Lucyvale, Victoria a line of 78 Angus/Angus steers aged 10 to 12 months old and weighing 314kg returned $1,140/head, or 363c/kg lwt.

Heifers

Heifers 200.1-280kg registered a larger offering of 2,008 head and averaged $628/head - down $46 from last week for a 61% clearance. Prices ranged from 151 - 329c and averaged 262c/kg lwt. From Texas, NSW a line of 80 Angus/Angus heifers aged 8 to 10 months old and weighing 224kg returned $610/head, or 273c/kg lwt and will travel to a buyer in Toobeah, Queensland.

Heifers 330.1-400kg registered a larger offering of 751 head and averaged $1,184/head - up $12 from last week for a 36% clearance. Prices ranged from 251 - 400c and averaged 320c/kg lwt. From Clermont, Queensland a line of 57 Droughtmaster/Droughtmaster heifers aged 24 to 27 months old and weighing 359kg returned $1,437/head, or 400c/kg lwt.

Breeding Stock

Breeding stock saw gains in price across most categories on the back of a restricted offering on last week. PTIC Heifers registered a slightly smaller offering of 502 head and averaged $1,299/head - up $58 from last week for a 35% clearance. From Bendemeer, NSW a total of 129 Angus/Angus heifers aged 18 to 24 months old and weighing 404kg offered across 5 lots all returned $1,400/head, 103 head will travel to a buyer in Dubbo, NSW.

PTIC Cows registered a larger offering of 433 head and averaged $1,443/head - up $120 from last week for a 48% clearance. From Earlston, Victoria a line of 24 Angus/Angus cows aged six years old and weighing 575kg returned $1,280/head.

Note: Prices as at 2pm Friday, 4th August2023

Table 1: AuctionsPlus National Cattle Prices

Table 2: AuctionsPlus Queensland Cattle Prices

Table 3: AuctionsPlus Angus Cattle Prices

AuctionsPlus Interactive Cattle Market Report