MARKET REPORT – PRIME CATTLE – 5 NOVEMBER, 2018

PHOTO: LMB Livestock sold these Red Angus Heifers for the top price of 255c/kg at today’s prime market, weighing 517.5kg.

Total Yarding: 369

There was an increased size yarding of 369 cattle at Mortlake as the quality was mixed mostly ranging between average to good. There was an excellent penning of well covered beef bred cows offered during the sale. A slightly smaller group of buyers attended as they operated in an easier market overall with the young and grown cattle selling from 10c to 20c/kg cheaper as the heavier cows averaged between 5c to 10c/kg lower with the medium to lighter weight cows from 10c to 15c/kg cheaper. The yarding consisted of approximately 72 young cattle, 33 grown steers, 59 grown heifers, 159 cows and 44 bulls.

The few vealers of C3 going to the trade sold from 235c to 260c/kg with a few lighter pens of C2 vealers making 176c to 214c/kg. Most of the steer and heifer yearlings sold from 210c to also reach 260c/kg, as restockers and feeders were busy throughout the yarding as they paid from 238c to 255c/kg for their younger cattle. A few plainer D2 yearling sales sold for 150c/kg in places during the market.

The limited range of grown steers sold from 231c to 250c/kg with a restocker paying to 265c/kg as the D1 and D2 Friesian manufacturing steers made 180c to 210c/kg. Grown heifers C2 and C3 sold to the processors were from 214c to 218c/kg with restockers buying some well bred grown heifers from 207c to 240c/kg. The D2 grown heifers sold from 160c to 173c/kg with limited demand. Light dairy bred cows sold from 100c to  140c/kg, D1 cows 155c to 166c/kg and a pen of D2 Friesian cows made to 186c/kg. An E3 dairy cow reached a price of 194c/kg. Heavy C and D muscled beef cows sold from 192c to 220c/kg, the leaner D2 cows sold from 174c to 200c/kg with light D and E muscled beef cows 130c to 160c/kg. The majority of the beef bulls sold from 185c to 220c/kg to be also weaker from 5c to 10c/kg.

Market Report: Reproduced courtesy of Meat & Livestock Australia Limited.

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