Stanley Vale Merino Stud - News & Views

Cattle and lamb markets feel the heat

A blast of hot weather for most of eastern Australia last week contributed to the drop in the cattle market, with all indicators losing ground.

After coming tantalisingly close to hitting the 600¢/kg cwt mark, the Eastern Young Cattle Indicator (EYCI) lost 28.75¢ this week, to finish Thursday’s markets at 566¢/kg cwt. While the decline was rapid and significant, it should be kept in context with where the market has been, as the EYCI is still more than 200¢ above where it was at this time last year.

Similarly, the eastern states heavy steer indicator declined 18¢ to finish at 296¢/kg lwt, while medium cows declined 11¢, closing at 232¢/kg lwt.

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NSW weekly cattle summary

Numbers decline

Cattle consignments in NSW eased by 26%, week-on-week, for a total of 20,594 head, with the Monday public holiday the contributing factor.

Wagga, Tamworth and Forbes were cancelled due to the holiday CTLX increased by 24% for 3,260 head, while Scone lifted 8% for a penning of 1,288 cattle Inverell gained 10% for 1,392 head, as Gunnedah lifted 16% to total 3,500 cattle Singleton increased by 20% to total 740 head, with Armidale adding an extra 6% for 587 cattle. Casino lifted by 9% for a total of 1,300 head, as Dubbo increased by 3% to pen 7,600 cattle.

Prices ease

Cheaper trends were evident throughout all categories, as the medium weight vealer steers returning to the paddock slipped 15¢, making from 260¢ to 360¢/kg. The vealer heifers sold 11¢ cheaper to sell from 250¢ to 331¢/kg.

The medium weight yearling steers to the lot feeder orders sold 18¢ lower to range from 260¢ to 336¢, with the heavier end trending as much as 25¢ cheaper to average 303¢/kg. The bulk of the unfinished yearling heifers slipped by 15¢ to 22¢/kg. The prime conditioned younger cattle to the butchers also trended cheaper by 20¢ in places; however the best still topped at 369¢/kg.

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VIC weekly cattle summery

Yarding numbers swell

Throughput in Victorian MLA reported saleyards lifted 26% week-on-week, reaching 14,794 head.

NVLX Wodonga yardings swelled 38% to 4,800 head Shepparton throughput also increased, up 4% week-on-week, to 2,800 head Pakenham yarded 1,343 head across both sales, down 9% week-on-week Leongatha consigned 2,005 head, up 39% Warrnambool recorded a decrease in numbers of 50%, with 1,173 head yarded Camperdown numbers jumped 29% higher with 1,070 head penned Colac, Bairnsdale and Ballarat all recorded large increases and yarded 603,  580 and 420 head respectively  

Prices ease

Medium weight C2 vealer steers to feed were 8¢ cheaper on 305¢, heavier B2 vealer steers sold to slaughter at a top of 350¢ and averaged 339¢, down 9¢/kg. Medium B2 vealer heifers to slaughter fell 23¢, to average 314¢ while slightly heavier B2 vealer heifers also slipped 16¢, averaging 326¢/kg. Heavy C3 vealer heifers to slaughter sold between 260¢ and 338¢, settling at an average of 309¢, down18¢kg.

Light C2 yearling steers to feeders sold at a height of 312¢ and averaged 305¢, down 19¢, while heavier medium C2 yearling steers also sold to feeders eased 6¢, averaging 303¢/kg. Heavy C3 yearling steers to slaughter sold between 265¢ and 325¢, at an average of 304¢, down 24¢/kg.

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NSW weekly sheep summary

Lamb

Lamb consignments throughout NSW slipped by 32% week-on-week, for a total of 72,814 head. This was due to some major markets being cancelled because of the Monday public holiday.

Forbes increased by 4% and penned 26,633 head. CTLX slipped 10% for a total of 6,250 lambs. Wagga eased by 10% to yard 26,800 head. Cootamundra and Deniliquin continued their fortnightly markets and penned 6,300 and 6,831 lambs respectively.

New season trade weight lambs trended $6 cheaper, making from $93 to $127/head, or an average price from 502¢ to 506c/kg cwt. New season heavy weight lambs sold close to firm ranging from $114 to $154/head and averaged from 482¢ to 500¢/kg cwt.

The older lambs trended $3 to $10 cheaper through most of the weight ranges, with the best heavy weight topping at $142/head.

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Wednesday daily sheep summary

Lamb consignments increased 50% at Ballarat with 14,516 head yarded. Quality was average to good; with reasonable numbers of trade weight and heavy lambs penned. The usual buying group were in attendance and operated in a generally cheaper market.

Sheep numbers leaped 98% to 9,088 head, and most grades sold to a cheaper trend.

New season light weight 2 score lambs were down 69¢, on 507¢/kg cwt New season trade weight 3 score lambs were down 49¢, on 504¢/kg cwt New season heavy weight 4 score lambs were down 43¢, on 529¢/kg cwt Old season heavy weight 3 score lambs were down 9¢, on 385¢/kg cwt Light Merino 2 score ewes were down 27¢, averaging 301¢/kg cwt

Lamb throughput at Forbes lifted 5% to 26,633 head, with new season lambs in greater numbers. Quality was mixed with a number of lambs showing signs of dryness along with some well-conditioned pens. The usual buyers were present and active along with strong competition for restockers.

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Wednesday daily cattle summary

Roma Store numbers increased 5%, to 9,818 head. Quality was mixed with store cattle offerings showing more signs of dry conditions week-on-week. Softening demand from NSW restockers was felt throughout the sale, with the plainer lines selling to a cheaper trend. Feedlot buyer competition strengthened for good medium and heavy weight yearling lines, with the lighter weight heifers selling to an easier trend.

Light (200-280kg) C2 yearling steers to restockers were down 14¢, averaging 315¢, while Medium C3 feeder lines also fell 4¢, to 322¢/kg Light D2 yearling heifers to restockers eased 11¢, averaging 266¢/kg Heavy C4 grown steers to slaughter dropped 13¢, averaging 299¢/kg Medium D3 cows to slaughter were up 3¢, averaging 235¢/kg

Throughput at CTLX jumped 33% on week-ago numbers, yarding 3,260 head. Quality was mixed, and with prime cattle in strong supply. The market was generally cheaper overall. A notable offering of yearling heifers were also penned, with the reasonable number of steers selling mainly to feedlot orders. All the usual buyers attended, however not all were in operation.

Heavy C3 yearling steers to feed eased 27¢, averaging 314¢/kg Medium C3 yearling heifers to slaughter were down 2¢, averaging 296¢, while the heavy C3 lines also dropped, easing 24¢ to 293¢/kg Heavy C3 grown steers dropped 41¢, averaging 289¢/kg Heavy D4 cows eased 6¢, averaging 254¢/kg

NVLX Wodonga consignments increased 34%, to 3,700 head. Quality of the yarding was solid across both trade and export categories, while secondary stock condition was mixed. There was a limited selection of supplementary fed yearlings, with grass fed cattle making up the bulk of the numbers. The usual group of buyers attended, with export buyers operating in particularly cheaper market conditions

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Goat industry maps pathway to prosperity

07 October 2015

The Australian goat industry is set to take on-farm practices, production and exports to the next level with the release of a new five-year research and development plan.

Developed by the Goat Industry Council of Australia (GICA), with support from Meat & Livestock Australia (MLA), the Goatmeat and Livestock Industry Strategic Plan 2020 details clear R&D targets for the industry and attributes responsibility to key service providers for achieving those goals.

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TPP delivers additional export opportunities for Australian red meat and livestock

06 October 2015

The Australian red meat and livestock sectors will benefit from improved market access arrangements following the conclusion of the Trans-Pacific Partnership (TPP) negotiations announced by Trade Ministers* in Atlanta on 5 October 2015.

Under the TPP, the tariffs levied on Australian beef entering Japan will be further reduced from those negotiated under the Japan-Australia Economic Partnership Agreement (JAEPA). The tariff on both frozen and chilled beef will fall to 9% over 15 years - as opposed to the end point of 19.5% for frozen beef and 23.5% for chilled beef secured under the JAEPA. All TPP member countries supplying beef to Japan will be similarly advantaged by these TPP tariff cuts. A global beef safeguard provision will apply to this trade.

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Friday daily sheep summary

Lamb consignments at Wagga lifted 50% week-on-week, to 30,000 head, with an outstanding offering of new season lambs making up a large portion of the yarding. There was a full panel of domestic and export buyers operating, and increased restocker enquiry.

Sheep numbers doubled, to 10,000 head, and most grades sold to a cheaper trend.

New season light weight 3 score lambs to restockers declined 43¢ and averaged 525¢/kg cwt New season trade weight 3 score lambs were back 68¢ on 499¢/kg cwt New season heavy weight 3 score lambs slipped 66¢ on 481¢/kg cwt New season extra heavy 4 score lambs were 38¢ lower on 482¢/kg cwt Old season trade weight 3 score lambs fell 105¢ on 403¢/kg cwt Old season heavy weight 3 score lambs decreased 82¢ and averaged 414¢/kg cwt Heavy weight 3 score Merino ewes slipped 56¢ and averaged 276¢/kg cwt

At the close of Thursday’s markets:

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Balancing act – feed potential versus risk

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