Gunnedah Saleyards Report: October 2024

File image: Selling action at the Gunnedah Saleyards.

Market Overview

This week’s yarding at Gunnedah saw a total of 2,150 head of stock, a decrease of 2200 from the previous week. The recent rains across the region have impacted supply, but all regular buyers were present, maintaining stable prices compared to last week for restocker yearling steers.

Pricing Insights

Heavy yearling steers and heifers destined for feed have experienced an upward trend in prices, with heavy cows sold to processors increasing between 23c to 27c/kg.

Yearling Steers

Yearling steers weighing between 200-280kg to restockers fetched 535c/kg. Those exceeding 280kg achieved prices from 550c up to an average of 514c/kg. Medium weight yearling steers for backgrounding were priced at 564c, with an average of 533c/kg.

Yearling Heifers

Meanwhile, medium weight yearling heifers going to feed sold for 474c/kg, while those intended for backgrounding secured 490c/kg with an average of 469c/kg. The heavy yearling heifers to feed reached prices up to 490c, averaging between 455c to 480c/kg.

Grown Steers and Heifers

In the grown cattle segment, steers for feed made 496c and averaged 477c/kg. Bullocks intended for processors sold for 432c/kg, while grown heifers were priced at 450c, averaging 420c/kg.

Cows and Bulls

Lightweight score 2 cows to processors sold for 366c, averaging 353c/kg. Heavy score 3 cows achieved 400c, averaging 352c, with top-quality heavy cows reaching 421c and averaging 400c/kg. Heavy bulls sold with an average of 323c and reached up to 350c/kg.

Source: Errol Luck, MLA