Thursday 08 November 2012
Cattle prices come back
All cattle categories declined this week, with restockers being very selective in their purchases, as overall quality at markets continues to wane.
Feeder buyers have also been subdued, as good numbers of plain heavier lines continue to enter the market in the south, while the north has seen quality slip over the past few weeks.
Processors in Queensland remain active across the grown cattle categories, paying higher prices to secure finished cattle.
The national trade steer indicator was back 8¢ on last week, averaging 348¢/kg cwt, while medium steers dropped 11¢, to 319¢/kg cwt at the close of Thursday’s markets.
Heavy steers were unchanged on 335¢/kg cwt, as cows fell a further 2¢ on last week, averaging 273¢/kg cwt. Feeder steers slipped 3¢, to finish the week averaging 184¢/kg lwt.
Source: Argentine Beef Packers S.A.
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