Inverell Market Report 24 November

CATTLE:  Numbers rose from last week by 100 to yard 1500 head, comprising a good supply of yearlings, a few well finished heavy steers and a fair supply of cows. The quality of the offering was quite mixed but overall was reasonably good. Re-stockers and feedlot buyers were well catered for in the young cattle while there were very few to suit the trade orders. A full field of buyers were in attendance with demand remaining high. Light vealer steers to re-stockers sold to a dearer trend with some sales as much as 20c/kg dearer. Heifer vealers to re-stock attracted similar price gains, while those to processors saw little change. Steer yearlings attracted keen demand from both re-stockers and lot feeders. Re-stockers competed strongly on the lighter weights while lot feeders were keen to source any steers falling within weight specifications. The market trend was generally close to firm, with an odd dearer sale and a little discounting in medium and heavy weights for breed. Yearling heifers also attracted keen demand with lot feeders not deterred by condition scores. Again the market trend was firm to slightly higher. There was little change in the market for the limited supply of heavy grown steers to process. The cow market saw trends remain strong. There was some re-stocker activity on the plainer cows showing enough frame to carry them into the heavier weight category when finished.

SHEEP:  There was another small sheep and lamb sale with 1500 yarded. The quality of the lambs was very mixed, consisting of a single pen of extra heavy young lambs and a fair supply of medium and heavy weight old lambs. There were some good quality medium weight sheep penned. The market for the single pen of young lambs was slightly dearer than the sale 2 weeks ago. Extra heavy young lambs made $155 per head, or an average of 556 c/kg cwt. Market trends in the old lambs were mostly cheaper, down $3 to $5/head. Trade weight 3 score lambs sold to a top of $119 per head, while heavy weight 3 scores sold to $140 per head. The small increase in the number of sheep brought some good quality medium weight ewes and wethers forward in price and the improved quality contributed to dearer prices and a slightly dearer market overall.

 

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