Sunday 26 August 2012
Mixed prices for cattle
National throughput at markets reported by MLA’s National Livestock Reporting Service was 4% higher week-on-week.
The Eastern Young Cattle Indicator (EYCI) fell 4.75¢ for the week, finishing Thursday at 381.25¢/kg cwt.
Quality continues to plague the majority of saleyards across the eastern states as the back end of winter kicks in.
Strong demand contributed to the trade steer indicator increasing 20¢, to 389¢/kg cwt, while medium cows increased 4¢, to 273¢/kg cwt.
Weaker buying competition across most states for both medium steers (329¢/kg cwt) and heavy (338¢/kg cwt) steers resulted in a 6¢ reduction in both categories on last week.
Demand for feeder steers remained relatively strong, despite easing slightly on the same time last week, to settle at 207¢/kg lwt.
Feeders continue to compete for the better quality lines offered, while processors have been quite active on heavy weight cattle.
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