Trade cattle up and up| Photos

Unbelievable demand for few prime cattle

Studstock
Angus steers sold on account Roseby Farming, Quirindi for 426c/kg. "It does indicate the beef industry is alive in all sectors!" Scott Simshauser. Photo: TRLX

Angus steers sold on account Roseby Farming, Quirindi for 426c/kg. "It does indicate the beef industry is alive in all sectors!" Scott Simshauser. Photo: TRLX

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Demand for prime trade stock appears unstoppable.

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There is an unbelievable demand for the few prime trade cattle coming through the saleyards with all centres reporting prices continue to be firm.

Although numbers increased to 2635 (up 135 on last week) at Wagga Wagga, Nutrien Ag Solutions, Wagga Wagga agent Peter Cabot reported a 'very strong sale'.

"It was the dearest sale I've ever seen," he said.

It was the dearest sale I've ever seen - Peter Cabot, Nutrien Ag Solutions, Wagga Wagga

"With a lot of cattle weighing over 400kg and still selling for top dollar, these are the best prices and best weights seen for many years."

Mr Cabot said not a lot of trade cattle coming through and he attributes the low numbers to the big sell off during the drought and particularly of breeding females.

"Processors have no option but to pay the prices," he said.

Meat and Livestock Australia (MLA) reported a very good selection of trade cattle but they mostly sold to major feedlots.

In the trade market domestic buyers competed strongly for the better finished stock with a single pen of European steers recorded a top price of 434c/kg.

MLA reported trade heifers sold to significantly stronger competition benefited by robust demand from major domestic processors and feedlots: prices lifted 11c making from 379c to 436c/kg.

At TRLX Tamworth MLA reported 1487 were yarded down 93 but yearling cattle were well supplied.

The majority of the cattle presented in forward to well finished condition, however there were a few plainer in condition.

Scott Simshauser, Nutrien Ag Solutions, Tamworth quoted the market as 'exceptionally strong'.

"There are very good weights coming through and numbers are few," he said.

"The supermarket position is positive, with terrific demand through this social restriction.

"But it does indicate the beef industry is alive in all sectors!"

MLA reported heavy trade yearlings sold on a firm to slightly dearer market trend.

At Forbes Central Livestock Exchange, MLA reported a yarding of 997, up 331 on previous sale without any affect on lowering prices.

Young cattle sold to a dearer trend while heavy grown steers and heifers were firm.

Scott Reid, Ray White V.C Reid Livestock, Forbes quoted the sale as 'extremely good'.

"Historically this time of the year the market is way above what it normally is," he said.

"We had cattle 300-350kg sell to 440c/kg."

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