Inverell Market Report 11th December 2018

Cattle: Inverell posted a reduction in numbers to yard 1326 head, down by 500. Numbers dropped particularly in the yearling cattle section decreasing by 30%. Cow numbers were similar, but saw a push from backgrounders, who took up to 25% of the numbers to hold over and improve condition in hope of the forecast rain event. Quality drafts of yearling cattle saw improved competition from feed lotters, while local re-stockers were competitive in purchasing lighter drafts, along with both steers and heifers to put away. All the regular processors operated. Re-stockers were active in purchasing weaners and saw prices increase up to 20c/kg for heifers, while there were no numbers of steers last sale to compare. Very light yearling steers posted dearer trends of 14c/kg, mainly to feeder competition. Although, light and medium weights sold to cheaper trends of 13c to 19c/kg for the secondary drafts. Light heifers sold to dearer trends of 3c to 5c and medium weights saw a cheaper trend of 12c/kg. Trade weights also saw cheaper trends of 8c/kg.  Grown steers and heifers sold to cheaper trends, topping at 271c and 256c/kg respectively, although there were very limited numbers to compare. Backgrounders pushed light cows, substantially improving prices to reach 156c/kg. Medium weight cows saw a decrease in trends of 4c to 9c, while 3-4 score cows posted easier prices by 19c/kg on average. Best bulls sold 10c dearer to make 248c/kg.

Sheep: Inverell numbers reduced by 300 lambs and sheep increased by 1,600 head to yard 3800. Quality of lambs decreased, with the numbers of heavy lambs reducing, meaning there were quite a few light, plainer conditioned drafts. All the regular buyers attended.  Young lambs saw cheaper trends of $20/head. Light old lambs also sold to cheaper trends of $12/head. A few trade lambs sold to firm trends, although the main competition saw cheaper trends of $15/head. Heavy lambs also saw cheaper trends of $15, while the extra heavy drafts sold to trends of $20/head back. Hoggets made to $140, being $5/head cheaper.  Light ewes sold to cheaper trends, while heavy crossbred ewes were firm, making to $140/head. Wethers were also dearer, showing rising trends of $9/head.

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