Weekly Cattle Comments - 28.07.23

AuctionsPlus commercial cattle listings lifted slightly to 8,505 head. Selective buying behaviour led to mixed results as Value Over Reserve increased by $10 to average $71/head and clearance slipped to 53%. Prices were mixed with 280-330kg steers seeing a modest gain while most breeding females slipped lower. The market overall continues to track sideways, with all eyes on the lookout for the next market signal likely from seasonal conditions or export demand.

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 1,756 head and averaged 842/head - down $57 from last week for a 54% clearance. Prices ranged from 270 - 401c and averaged 353c/kg lwt. From Glenmorgan, Southern Queensland a line of 100 Angus/Angus steers aged 7 to 9 months old and weighing 261kg returned $1,040/head, or 399c/kg lwt.

Steers 280.1-330kg registered a smaller offering of 785 head and averaged $1,086/head - up $12 on last week for a 54% clearance. Prices ranged from 257 - 410c and averaged 366c/kg lwt. From Molyullah, NSW a line of 13 Angus/Angus steers aged 10 to 11 months old and weighing 311kg returned $1,150/head, or 370c/kg lwt and will travel to a buyer in Lavington, NSW.

Heifers

Heifers 200.1-280kg registered a smaller offering of 1,156 head and averaged $681/head - down $67 from last week for a 38% clearance. Prices ranged from 215 - 349c and averaged 275c/kg lwt. From Coolah, NSW, two even lines of 106 Angus/Angus heifers aged 10 to 11 months old and weighing 255kg returned $720/head, or 282c/kg lwt.

Heifers 280.1-330kg registered a larger offering of 868 head and averaged $879/head - down $116 from last week for a 46% clearance. Prices ranged from 251 - 315c and averaged 290c/kg lwt. From Roma, Southern Queensland a line of 92 Angus/Angus/Santa heifers aged 8 to 10 months old and weighing 296kg returned $840/head, or 284c/kg lwt.

Breeding Stock

Most breeding female categories experienced steep declines this week as restocker demand remains subdued. PTIC Heifers registered a smaller offering of 536 head and averaged $1,313/head - down $137 from last week for a 36% clearance. From Emerald, Central Queensland, a line of 11 Brangus/Brangus heifers aged 30 to 32 months old and weighing 400kg returned $1,500/head.

PTIC Cows registered a smaller offering of 407 head and averaged $1,300/head - up $69 on last week for a 46% clearance. From Crookwell, NSW a line of 34 Angus/Hereford/Angus cows aged 36 to 50 months old and weighing 577kg returned $1,360/head.

Note: Prices as at 2pm Friday, 28th July 2023

Table 1: AuctionsPlus National Cattle Prices

Table 2: AuctionsPlus Queensland Cattle Prices

Table 3: AuctionsPlus Angus Cattle Prices

AuctionsPlus Interactive Cattle Market Report