Inverell Market Report 7th March 2017

Cattle: Consignments lifted to 1188 head with young cattle making up the largest percentage. There were increased supplies of vealers with cows making up the bulk of the grown cattle. The quality and condition of the offering was quite mixed with re-stocker and feedlot orders well catered for. There were limited supplies of well finished cattle to suit the local butcher and domestic trade orders. There was reduced processor competition while the re-stocker and feeder orders were like last week.
Demand varied through the young cattle with the medium weight steer vealers to restock cheaper by as much as 13c/kg. Breed was a factor in the cheaper prices. An improved quality penning of medium weight C muscle heifer vealers sold to re-stockers on a firm market trend. The plainer quality heifers were cheaper. Yearling steers to feed were mostly cheaper while a few to re-stockers were close to firm. The light weights to restock were firm to cheaper with buyers now having the opportunity to buy similar weight younger cattle. The heifer yearlings followed a similar trend to that of the steers.
There were no well-finished heavy grown steers to quote with most being plainer condition steers displaying minimal fat cover, those steers were considerably cheaper with limited competition. The cow market saw cheaper trends throughout with averages down by 3c to 14c/kg.

Sheep: Consignments lifted for lambs and fell slightly in the grown sheep. The quality and condition of the lambs was very mixed, a fair supply of heavy and extra heavy weights. Well-finished young lambs were in limited supply. The usual buyers were in attendance. Demand was not as strong as the previous sale with market trends generally cheaper. The heavy and extra heavy weights were least affected. Trade weights were $5 to $7/head cheaper. The overall quality of the offering also had an impact on prices with quite a few secondary quality lambs penned. The quality of the re-stocker lambs was also quite plain with this contributing to some lower prices.
The keen demand and strong competition for grown sheep was not as evident this sale although the quality and condition of the offering was quite good. All grades sold to a cheaper trend while weight increases in some cases saw the dollar value remain the same.

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