Inverell Market Report 16th January 2018

Cattle: Yarded 1880 up 845 from last week. Almost 65% of the yarding were females with many yearling heifers and a good supply of vealers and cows. Overall the quality was fair to good, while the condition varied enough to suit all buyers. The same buyers were in attendance with some of the export processors yet to make an appearance this year.

Market trends varied through the young cattle with quality and an increased supply factors. Restockers competed strongly for an improved quality penning of light and medium weight weaner steers with the market dearer, 25c/kg and more in places. The heifer portion to restock remained firm, while the vealers to the trade also experienced little change. Light and medium weight yearling steers to restock and feed saw little change on the best, while the rest sold to cheaper trends. Heavy feeder steers sold to a cheaper trend, up to 6c/kg, while a small number to restockers improved by a similar margin. There were cheaper trends through the yearling heifers to restock and feed with the increased supplies easing pressure on buyers’ ability to secure requirements.

The limited supply of well finished grown steers saw little but quality related price changes. That was also the case for well finished grown heifers. There was not a lot of change in the market for the plainer condition 2 score cows, while the 3 and 4 scores were slightly cheaper, in part, due to quality. Bulls sold to a cheaper trend for a yarding that saw a great variation in quality and weight.

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