Inverell Market Report 4th October 2016

Cattle: The numbers remained steady this week with 814 head yarded with young cattle suitable to re-stock well supplied. The quality of the grown cattle was generally plain with the exception being some very good heavy weight cows. There was also a large variation in the quality of
the young cattle with a greater percentage of secondary quality and Bos Indicus cross cattle penned.
Demand from re-stockers remained high, however feedlot orders were somewhat subdued. This saw light weight cattle to restock sell to a dearer trend, up to 11c/kg on the steer weaners. Medium and heavy yearling steers to feed sold to a cheaper trend,
20c/kg and more in places with quality a factor, some Bos Indicus influence through some pens. Light weight yearling heifers to restock sold to a slightly dearer trend. Medium weight heifers to feed also sold a shade dearer, while a re-stocker competed strongly to secure a couple of medium weight lines at improved prices.
The few well finished grown steers sold to a cheaper trend, with quality a factor. That was also the factor behind the cheaper prices seen for grown heifers to both process and feed. The plainer condition cows remained close to firm, while the heavy weights sold to a slightly cheaper trend. The quality of the bulls contributed to the cheaper trend.

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