Stanley Vale Merino Stud - News & Views

Weekly cattle and sheep market wrap

Weekly cattle and sheep market wrap

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Weekly cattle and sheep market wrap

Weekly cattle and sheep market wrap

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Copyright

© http://www.mla.com.au

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Weekly cattle and sheep market wrap

Weekly cattle and sheep market wrap

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Weekly cattle and sheep market wrap

Cattle

Cattle prices lifted this week, particularly for feeder and restocker cattle. Yardings lifted 10,578 to 45,061 head, slightly above the five-week average of 44,677.

The restocker yearling steer indicator lifted by 41¢ to 280¢/kg live weight (lwt). Prices have lifted in the majority of states, with the strongest price increase in NSW of 46¢ to 271¢/kg lwt.

The feeder steer indicator lifted by 21¢ to 238¢/kg lwt. Consistent rainfall has supported prices in the market with greater interest in yearling steers from feedlots. Queensland prices lifted by 27¢ to 226¢/kg lwt.  

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Weekly cattle and sheep market wrap

Cattle

Cattle yardings lifted by 8,243 from last week to 34,299 head, as several sales in NSW and Queensland that did not run in the previous week due to public holidays ran this week.  

The processor cow indicator lifted by 13¢ to 155¢/kg live weight (lwt). This was in part due to the inclusion of the Wagga sale in the indicator, which did not run in the previous week. Making up 18% of throughput, processor cows at Wagga sold at 8¢ above the national average, which pulled up the indicator overall.

Processor cow prices lifted more generally, with processor cows increasing in value in every state bar South Australia, where slightly higher throughput and slow bidding saw the indicator ease slightly. 

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