Inverell Market Report 15th August 2017

Cattle: 400 less cattle were penned and vendors opted to hold stock back to put more weight on their product, in the hope that current prices will improve. There were few weaner cattle penned, good numbers of yearling cattle and a reduced penning of grown cattle and cows. All the regular processors were in attendance along with a good representation of feedlotters and restockers, particularly for the yearling cattle. Despite the competition, the trend was cheaper for most categories.

Yearlings best suited to feed dominated supply with the better quality lighter C3 steers being firm to slightly cheaper, while other grades were up to 10c/kg cheaper. All categories of heifers showed cheaper trends of up to 12c/kg. Restockers were active in purchasing the lighter end of steers and heifers.

A reduced penning of heavy weight steers and heifers also resulted in cheaper trends. There were a few heavier steers suitable to feed, these trended firm. The heifer portion showed cheaper trends of 10c/kg. Again, there was a light yarding of cows, these also cheaper by up to 8c/kg for the heavier end. Bulls were also cheaper.

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