Cyclone keeps export processors away

25 Feb, 2015 04:30 AM
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With one export process absent following the cyclone, grown cattle mostly trended easier

THROUGHPUT was down a little across the eastern cattle markets for the start of the week, knocking the Eastern Young Cattle Indicator (EYCI) back 1.75c a kilogram (carcase weight).

Throughput at Toowoomba Elders in Queensland declined 31 per cent to 584 head and quality was boosted with the addition of some local prime show cattle. While feeder and trade buyers, and some restockers, were operating, two export processors were absent and prices declined across most categories.

Heavy C3 yearling steers to the trade eased 20c, averaging 239c, while the same lines to feeder buyers were less affected, averaging 251c, back 5c/kg week-on-week. Medium C3 yearling heifers to the trade eased 24c, averaging 215c, and heavy D4 cows to slaughter declined 11c, averaging 185c/kg.

In NSW, Tamworth yarded 1636 head, back 13pc week-on-week. There was a high quality penning of vealer steers suitable to restockers and quality across other lines was mostly good. Young cattle mostly trended dearer however, with one export process absent following the cyclone, grown cattle mostly trended easier.

Medium C2 vealer steers to restockers lifted 13c, averaging 267c, and the heifer portion improved 8c, averaging 231c/kg. Medium C2 yearling steers to feeder buyers increased 3c, averaging 250c and selling to a top of 260c, and light (280-330kg) C2 yearling heifers to the same orders improved 9c, averaging 231c/kg. Medium D2 cows to restockers averaged 158c, back 3c/kg week-on-week.

Numbers at Wagga Wagga declined almost 1200 head (23pc) to 4100 head. Quality was mixed, particularly amongst the secondary yearlings, but trade cattle were well supplied. Not all export and feeder buyers were in attendance and prices mostly eased.

Heavy C2 yearling steers onto feed slipped 10c, averaging 230c, while heavy C3 yearling heifers to the trade eased 6c, averaging 214c/kg. Heavy C3 grown steers to slaughter eased 3c, averaging 221c, while heavy D4 cows declined 9c, averaging 183c/kg.

At close of Monday’s market, the EYCI finished at 441.75c, back 1.75c/kg cwt on where it finished on Friday. Trade steers improved 2c to 233c while medium steers were unchanged on 219c/kg. Feeder steers eased 1c to 245c while heavy steers were steady on 224c/kg. Medium cows averaged 175c, back 1c/kg.

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