A disrupted and short-selling week failed to dampen the surge in cattle offered exclusively through AuctionsPlus this week, with total numbers hitting 19,631 head – up 167% on the previous week. Drying paddocks, changing seasons and high prices contributed to the additional numbers, along with the significant backlog of cattle that were unable to be marketed in the previous weeks.
With the Easter holiday-induced short trading week, overall sheep and lamb numbers offered exclusively through AuctionsPlus this week only totaled 42,549 head – back on the 46,681 in the previous week and less than half of the throughput registered in the previous full selling week. Overall lamb prices were largely steady, to slightly higher, except for the shedding lines, which contracted $70head in the absence of selected future breeder ewe lambs.
As much of the south eastern regions of Australia continued to dry out this week, the overall supply of cattle continued to remain very tight heading into the Easter break. Total online offerings this week reached 7,365 head, with the heavier steer lines easing back, while prices for the lighter heifer lines moved higher.
In the wake of widespread falls of recent weeks, the number of sheep and lambs offered exclusively through AuctionsPlus this week was down considerably, to 46,681 head. After last weeks higher market, prices movements this week were varied, with falls for the largest lines of Merino wether and crossbred lambs, while SIL first cross ewes averaged $52/head higher.
The widespread rain across many key cattle producing regions over the past two weeks has seen a consolidation in demand for light and young cattle at historically high levels, as available supplies plummeted this week. Rainfall through central and southern Queensland, with extensive flooding in NSW, has created significant supply and logistics issues, which is likely to be maintained for some weeks, impacting the ability to move stock off farm.
In the wake of the very wet conditions, total lamb and sheep exclusively offered through AuctionsPlus this week contracted 21%, to 85,803 head. With the sharp contraction in supplies, prices were largely higher for all categories, especially assessed joined ewes, with the refreshed seasonal conditions adding further impetus to the rebuilding intentions.
Substantial rainfall totals through key supply regions in Queensland and NSW this week contributed to prices surging across almost all categories, with last week’s loses almost completely erased. While a 4% decline in numbers offered exclusively online, at 18,430 head, partly contributed to the stronger market, demand was substantially stronger this week, as overall clearance rates for the largest steer and heifer categories exceeded 80%.
It was another large offering of sheep and lambs exclusively offered on AuctionsPlus this week, with total supplies rising 11%, to 107,418 head. After last week’s 15% increase in offerings, the flow of stock into the market over the past two weeks has had a notable impact on prices, especially for the joined ewe lines.
A 21% increase in AuctionsPlus cattle offerings this week, at 19,226 head, contributed to a widespread fall in prices across most categories. Prices were back across eight of the ten young cattle categories, while averages for the indicative breeding stock categories were varied.
The number of sheep and lambs offered exclusively on AuctionsPlus this week jumped 15%, to 96,643 head, with most of the increase attributable to a surge in crossbred and Merino wether lambs, with 20,052 head and 19,454 head offered, respectively. Prices were again varied, along with clearance rates, especially for joined ewes.