Inverell Market Report 27th September 2016

Cattle: With no sale last week there was a yarding of 800 head. There was a good supply of young cattle suitable to restock and feed, along with some very good grown cattle. Demand was high from all sectors following the cancellation of last week’s sale. The quality and condition of the young cattle was quite mixed, depending on their district of origin, with some well finished lines available.
Re-stocker demand for light and medium weight young cattle was very high in the face of rapidly improving seasonal conditions. The vealer and yearling steers returning to the paddock saw price improvements of 20c to 30c/kg on the previous sale. Medium and heavy yearling steers to restock and feed also experienced strong price gains on the back of improved quality and increased demand. Those market trends carried through to the heifer yearlings with most classes improving by 14c to 20c/kg.
Grown steers to feed, mainly 2 tooth cattle seen strong price improvement, with increased demand and quality improvements the major factors. Well finished grown heifers sold to a dearer trend of as much as 16c/kg. The cow market was strong throughout with re-stockers active on the plainer condition lots. Heavy cows sold to a dearer trend of 3c to 4c/kg. A new buying order in the bull market contributed to strong price gains, with the quality also showing a vast improvement.

Sheep: Yarded 4250 down by 537 to the fortnight previous.The lamb numbers were down slightly with the sheep remaining steady. Lamb quality was mostly good, heavy weights were well supplied with only 1 pen of new season lambs penned. The single pen of new season heavy trade lambs remained firm on the previous sale. Medium weight trade weight old lambs sold to a dearer trend, as did some of the plainer quality lots, this was due to strong competition between buyers. Heavy trade weights remained close to firm. There were cheaper trends through the heavy weight old lambs, down $3/head with the extra heavy weights showing greater price reductions. The well finished sheep remained firm, with the plainer condition lots slightly dearer.

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