Inverell Livestock Market 10th November 2015

CATTLE

With the recent price lift in the market, supplies increased from 600 head to 970. The offering comprised of young cattle for the most part, while cows were well represented. The quality of the young cattle was quite mixed, with light cattle suitable to re-stockers in fair numbers, while heavier weights suitable for feed lots were limited. There were quite a few well finished heavy cows. A full field of buyers were in attendance, with demand high.
Re-stocker confidence was high in light of recent rains and the current level of the market. These were the major factors in the higher market trend for young cattle returning to the paddock, while short term supply concerns lifted demand for cattle suitable to feed. Light steer vealer’s to re-stock were up to 24c/kg dearer, with the heifer portion up to 40c/kg dearer. Light and medium weight yearling steers to re-stock and feedlots saw price improvements of 20c to 30c/kg. Heavy steers to restock and feedlots sold to a dearer trend of 6c/kg. Yearling heifers to re-stock and feed attracted similar price gains to those of the steers, with some well finished medium and heavy heifers finding their way to  feedlots for a short term feed. Well finished heifers to the trade also showed strong price gains.
The limited supply of heavy grown steers sold to a dearer trend, only slightly though. The cow market saw medium weights remain firm while the heavy weights were firm to slightly dearer.

SHEEP

It was a very small penning of both sheep and lambs with the numbers being presented only reaching 1350 down from 2780 the fortnight before. The lamb offering comprised of a number of pens of very good quality young and old crossbred lambs and a fair supply of Merino lambs. The market for young lambs to the trade and export buyers remained firm on the previous sale. Trade weight 3 score crossbred lambs averaged $139 while Dorper lambs averaged $115/head.
There was also little change in the values for old lambs. 3 score Merino trade weight lambs reached $108 and averaged $105.10/head or 503c/kg cwt. Heavy weight cross bred lambs sold to slaughter for $130 per head or 518c/kg cwt. There were too few grown sheep for an accurate quote.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s