Inverell Market Report 14th March 2017

Cattle: Very good local rainfall reduced the penning by 470 head. A large line of Northern bred yearlings, grown steers and heifers accounted for more than half the total. The quality of the offering was only fair with limited supplies of well finished or well-bred cattle available. There was limited processor and feedlot competition while restockers were active. Market trends through all classes of young cattle to restockers were cheaper. Price falls were closely aligned to the quality of the offering. Well finished vealers suitable to the local shop trade sold to a dearer trend. The lean vealers to process sold to a cheaper trend with breed a factor. Grown steers to restock and feed sold to a dearer trend with some lines available. The heavy grown steers to processors were mainly HGP treated and sold to a dearer trend. The grown heifers sold to a cheaper trend with a number of pens also treated. Restocker cows sold to a dearer trend with breed a factor. Cows to process remained firm with quality accounting for price change.

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