Inverell Market Report 4th December 2018

Cattle: There was a sharp increase in numbers by 672 head to yard 1830 cattle, with an influx of yearlings. Cows were also well supplied. The quality of the young cattle was very mixed, with some good lines of well-bred cattle suitable to restock and feed. The condition of many of the young cattle was on the lower end of the condition scores. There were very few well finished young cattle to satisfy processor requirements. There was an increased supply of heavy grown steers, while cows were represented by most of the condition scores.

Market trends through the young cattle varied. Light weight yearling steers to re-stockers sold on a firm to slightly cheaper market trend, with buyers hesitant in the face of the hot dry conditions prevailing. Medium and heavy weight yearling steers suitable to feed attracted increased competition, selling firm to a shade dearer. The increased numbers of yearling steers also brought about some quality variation that affected some average prices. The light weight yearling heifers to re-stockers followed a similar trend to that of the steer portion, selling from firm to slightly cheaper. Heifers suitable to feed were firm to slightly dearer.

Well finished heavy grown steers attracted strong processor competition, however no market comparison is possible due to the lack of comparable cattle at the previous sale. The cow market saw cheaper trends throughout, with the better heavy weights easing as much as 10c to 12c/kg. An increased supply of bulls saw heavy weights sell to cheaper trends.

NOTE: The last sheep and cattle sale for 2018 will be next Tuesday 11th and the store sale that was scheduled for the 13th has been cancelled.

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