Market Report: Gunnedah Cattle Yards See Significant Increase in Yarding

File image: Selling action at the Gunnedah Saleyards.

Yard Statistics

Total Yarding: 4000 Change: +700

Market Overview

The Gunnedah Saleyards welcomed 4000 good quality cattle, reflecting an increase of 700 head from previous reports. Regular buyers participated actively, bolstered by additional competition from a southern feeder and cow operator. Prices exhibited upward trends, particularly for feeder categories, though some backgrounders saw price declines.

Pricing Insights

Notable price ranges for various categories are as follows:

• Weaner Steers (under 200kg): 460c to 535c/kg
• Weaner Heifers: 390c to 435c/kg
• Medium Restockers: 385c to 510c/kg, experiencing a quality correction.
• Feeder Drafts: Increased by 4c/kg, priced at 425c to 560c/kg.
• Feeder Steers (up to 480kg): Slightly dearer at 424c to 544c/kg.
• Yearling Steers (processed): Gained 21c/kg, now at 460c to 502c/kg.
• Medium Heifers (to feed): Gained 6c/kg, priced between 360c to 492c/kg.
• Feeder Heifers (up to 480kg): 17c/kg dearer, with prices ranging from 450c to 506c/kg.

Grown Cattle Performance

Grown steers intended for processing improved by as much as 30c/kg, reaching prices of 435c to 440c/kg. A similar pattern was observed in heather prices, which edged upwards to 400c to 465c/kg. Heavy cows also experienced gains of 17c to 31c/kg, now priced between 370c to 448c/kg. Heavy bulls remained stable, with prices holding at 300c to 340c/kg.

Conclusion

The Gunnedah cattle market showcased resilience and growth, particularly in the feeder categories, despite some fluctuations in other segments. As demand remains steady, producers and buyers alike are optimistic about upcoming sales.

Source: Stephen Adams, MLA