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%.
All five steer categories jumped this week, with the lower clearance rate, at 64%, for the less than 200kg steers primarily due to passed in dairy influenced lines out of Victoria. From Boulia, Queensland, an indicative line of 146 weaned Hereford/Santa cross steers, averaging 183.4kg live, sold to $1,210/head.
Steers, 200-280kg averaged $90 higher, at $1,473/head, with the number offered only 120 less than last week, at 3,124 head. In comparison, the number of 280-330kg steers offered more than doubled on the previous week, with the 2,477 head – up $80, at $1,620/head. 100 weaned Angus steers, out of Tatong, Victoria, 6-7 months old and weighing 250.4kg, sold to $1,625/head, or an estimated 1,438c/kg cwt. A limited supply of heavy steers (400kg+) contributed to the average price jumping $162, to average $2,017/head.
Like the steers, all five reported heifer categories increased this week, with the largest jump registered for the heaviest lines exceeding 400kg, up $199, to average $1,970/head – albeit with only 476 head offered. Heifers between 200-280kg averaged $102 higher, at $1,338/head, while 280-330kg lines edged $7 higher, to average $1,494/head. A selected line of 100 weaned Charolais cross heifers, out of Wagga NSW, 11-14 months old, weighing an average 294.8kg/head, sold to $1,548/head.
Interestingly, one of the two categories to register a decline this week was PTIC heifers, falling $56, to average $2,238/head – with a clearance rate of 65% for the 2,773 head offered. In contrast, PTIC cows, with 1,502 head offered, averaged $198 higher, at $2,344/head. Very limited numbers for the CAF categories had prices fluctuating across the three indicative prices, with weekly averages in recent months being primarily dependent upon the bloodlines and breeding potential offered each week.
NOTE: prices reported as at 2pm Friday, 19 March 2021.
For more categories, please go to:
Store Report - Cattle – National AuctionsPlus Store Cattle Report
Cattle Averages 16/03/2021