Inverell Livestock Market Report 19th February 2019

Cattle: Slightly less numbers yarding 2633, cows dominating the offering with 60% of the penning. Many vendors looking to downsize herds, with no apparent improvement in climatic conditions in the short term. Leading on from this, there was extra feeder and re-stocker interest on the lighter end, with processors putting cows away to secure product later down the track. Local re-stockers also looking to purchase at current values on the chance of a break in the weather. The regular panel of processors were present and active. Well-bred weaners saw dearer trends of 20c/kg, with light re-stocker heifers also dearer, seeing sales back to the paddock. Yearling steers saw cheaper trends of 7c/kg; however, medium weight steers were slightly dearer to feed. Quality related changes saw heifers sell to cheaper trends of up to 30c/kg. There were significant downward trends for medium weight heifers, again quality related. No numbers of grown steers and heifers for a reliable quote. Larger cow numbers saw cheaper trends throughout most grades. There was extra interest in cows to feed and restock, although some drafts of 1 score cows saw values of under the 100c/kg mark. Most of the lighter cows were 20c to 40c/kg back, with the better, heavy drafts only 6c/kg back. The very top of the cows sold to firm trends of 215c/kg. A large penning of bulls saw prices of 150c to 227c/kg.

 Sheep: Numbers increased by 2,171, consisting of 2,816 lambs and 3,640 grown sheep. Lamb quality improved, with numbers of good trade lambs and a limited number of heavy lambs. There were larger numbers of light grown sheep offered, with some good lines of re-stocker young Merinos, as well as first cross ewes. All the regular buyers attended.  Very limited supply of young lambs sold to dearer trends, with no comparison on the sale two weeks ago. Light lambs to the trade saw firm trends from last sale. Trade lambs saw average dearer trends of $3, while heavy trades also sold to dearer trends of $9/head. Heavy lambs sold to $180 and hoggets reached $130/head.  Large numbers saw light ewes sell to cheaper trends of $11/head. Re-stocker were competitive on younger first cross ewes to $130 and competition for young Merino wethers reached $132/head. Heavy crossbred wethers sold to $150/head.



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