Inverell Market Report 28th June 2016

Numbers increased from 280 to 780 following the previous rain affected penning. The quality and condition of the offering was notably mixed, with young cattle and cows making up the bulk of the yarding. Demand for all classes was strong, particularly from the re-stocker and feeder buyers in attendance.
Market trends through young cattle supplied finished dearer, with re-stocker and feeder demand well above supply. Weaner steers to re-stockers were 30c to 40c/kg dearer overall to top at 383c/kg. Heifer vealers to the trade remained close to firm for a small number, with those to re-stockers dearer. Yearling steers to re=stockers and feeders were 10c to 25c/kg dearer, with a large variation in quality but 300kg steers sold to top at 378c/kg. Heifer yearlings were also up to 25c/kg dearer. Well finished trade yearlings experienced strong price gains.
There were insufficient heavy grown steers to quote, while the limited supply of well finished grown heifers saw strong price improvement. There was a large number of plain condition cows penned, with both re-stockers and processor buyers bidding strongly. Shortages saw processors lock in most orders, with well finished heavyweight cows 5c to 9c dearer and the market trend up to 15c/kg overall.

Next cattle, sheep and lamb sale 5th July.

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