MARKET REPORT – 5 FEBRUARY, 2018
Total Yarding: 1298
There was a sizeable increase in cattle supply compared to last week and quality overall was better in the mainly good to very good conditioned offering. Another strong field of buyers attended and demand was stronger for most categories amongst steady competition. Prices for the improved selection of medium to extra heavy weight vealers averaged 10c/kg higher. Yearlings were mainly 5c to 15c/kg better, with those in store and forward store condition gaining the most advantage due to keen restocker activity. The C muscled grown steers sold 5c dearer to processors and restockers, but it was the older and heavier weights that gained up to 20c/kg more. The D2 grown heifers were equal to 5c higher, but the better quality C3 to C5 heifers sold equal to 10c/kg dearer. Good quality 3 to 5 score beef cows were unchanged to 5c higher, but 1 and 2 score dairy and beef cows made up to 10c/kg more on average. Heavy weight B2 bulls eased 10c and ranged between 220c and 245c/kg.
The majority of the C2 and C3 vealers were between 235c and 280c, with the best sales up to 297c/kg. Restockers paid 240c to 280c/kg. Yearling steers made from 230c to 274c, with restocking lines topping at 286c/kg. The yearling heifers made mostly 228c to 252c with the best sales up to 268c and those in plain condition sold from 200c/kg. Restockers paid 210c to 255c/kg.
The C3 and C4 grown steers were between 242c and 274c, with restockers paying 245c to 270c/kg for lighter weight C2 and C3’s. Most C3 and C4 grown heifers made from 225c to 258c/kg. Plain conditioned E1 cows were from 123c to 155c, D1 grades made from 162c to 198c/kg. The D2 cows were from 175c to 194c, with a sale at 201c/kg. Heavy and extra heavy weight C3 to C5 beef cows were between 204c and 220c/kg.
Market Report: Reproduced courtesy of Meat & Livestock Australia Limited (Full MLA report: https://www.mla.com.au/CachedNLRSReports/Mortlake-Cattle-Report-05-Feb-2018.PDF?id=636534420632526913). To download the full WVLX market report CLICK HERE.