Market Alert: Strong Prices & Top Quality Cattle
AUSTRALIA - Cattle prices are running strong and Queensland see's outstanding quality cattle, in Meat and Livestock Australia's (MLA) latest cattle market alert.
16 November 2011
1 minute read
Yardings bounce back
National cattle yardings at physical markets reported by MLA’s NLRS increased 28 per cent, as supplies lifted in every state.
A combination of the warmer weather and strong prices has resulted in cattle numbers expanding, as producers take advantage of the favourable trading conditions. Queensland throughput lifted 29 per cent and NSW consignments jumped 23 per cent.
It was a similar trend in Victoria, with supply up 27 per cent, while in SA numbers increased 25 per cent. WA throughput was 63 per cent higher after numbers were greater at Muchea.
Top quality cattle
The quality of young cattle was again good to excellent, with ample numbers of yearling trade cattle supplementary fed or crop finished. The condition of heavy grown steers also stood out, with several drafts in Southern Queensland outstanding in quality.
Cattle prices strong
After Tuesday’s markets the Eastern Young Cattle Indicator (EYCI) was 4¢ for the week on 405.5¢/kg cwt – with the EYCI returning to levels not witnessed since March 2011.
The trade steer indicator was 2¢ dearer on 209¢ and feeder steer prices lifted 1¢ - to 217¢/kg lwt. Heavy steers improved 4¢ - to settle on 197¢ and medium cows were stable on 147¢/kg lwt.
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