Cow prices lift as supply dips

Cow prices lift as supply dips

Beef
CL Squires and Co agent Robbie Bloch with 690kg Poll Hereford cows sold by Mountain Valley Pastoral, Coolatai, for 382c/kg ($2635.80) at Inverell on Tuesday. Photo: IRLX

CL Squires and Co agent Robbie Bloch with 690kg Poll Hereford cows sold by Mountain Valley Pastoral, Coolatai, for 382c/kg ($2635.80) at Inverell on Tuesday. Photo: IRLX

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A tighter supply of cows for slaughter has caused the export market trend to be firm to a shade dearer across saleyards this week.

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A TIGHTENED supply of cows for slaughter has caused the export market trend to be firm to a shade dearer across saleyards this week.

CL Squires and Company agent Robbie Bloch, Inverell, said some northern producers were choosing to keep cows on feed, causing a significant shortage of cattle.

"With a really wet winter, a lot of stock didn't do a great deal weight wise," Mr Bloch said.

"Producers probably didn't get as much performance off their winter oats as they thought.

"Now that spring has broken, a lot think they'll use the next couple of months to maximise value.

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"They'll use that good time to add that last bit of value while store cattle are so dear."

Mr Bloch said export cattle were firm to slightly better during the Inverell prime cattle sale on Tuesday.

Among those, medium weight cows sold to dearer trends and heavy three-score cows were 11 cents a kilogram better, while four-score drafts were back slightly, to top at 395c/kg.

Meanwhile, Davidson Cameron and Company agent Warick Clydsdale, Scone, said the Upper Hunter market had been "incredibly strong".

Mr Clydsdale said quality had been very good, with cows generally in prime condition and weighing heavy.

He said the best of the heavy cows fetched 395c/kg on Tuesday, up from 385c/kg last week.

"All sections have been very strong with no signs of weakening," Mr Clydsdale said.

He attributed that to simple supply and demand.

"We're not yarding an abundance of cows, with most producers still short on cow numbers," he said.

"With recent rain, a few of the processors will have cancellations, and the saleyards are going to have a few less cattle at most places.

"We have also had new online southern buyers become very active in the past three weeks.

"It's the old rule of supply and demand, and demand is very, very strong."

Nutrien Ag Solutions agent Jaiden Burke, Wagga Wagga, said the better cows to slaughter realised 410c/kg to 415c/kg at Wagga Wagga on Monday.

He said heavy well-finished cows sold up to 7c/kg dearer, fetching from 398c/kg to 430c/kg.

The leaner medium weight types ranged from 374c/kg to 418c/kg.

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