Weekly Market Update: Gunnedah Saleyards Surge

File image: Selling action at the Gunnedah Saleyards.

Market Overview

This week’s yarding at Gunnedah saw a significant increase, with numbers rising by 2,610 to a total of 3,330. The overall quality of the cattle was commendable, featuring a robust selection of prime conditioned grown steers, heifers, and cows, alongside a notable offering of younger cattle appealing to feeders and backgrounders.

Young Cattle Trends

In terms of pricing, young cattle to the trade remained relatively stable. Prime vealers and yearlings were sold in the range of 420c to 465c/kg. Notably, feeder steers saw a price increase of 20c, while feeder heifers rose by 10c/kg. Current rates for feeder steers ranged from 380c to 522c, and feeder heifers from 410c to 472c/kg. Additionally, restockers are finding great value, with young steers reaching 528c and restocker heifers at 448c/kg.

Grown Stock Insights

Turning to grown steers and heifers, prices were predominantly higher. Prime grown steers fetched between 440c and 502c/kg, while prime grown heifers sold for 419c to 476c/kg. Cows maintained their firmly established prices, with 2 and 3 score cows sold to processors priced from 326c to 396c/kg. Prime heavyweight cows averaged 403c, selling between 390c and 420c/kg, and heavy bulls were noted at 378c/kg.

Conclusion

The Gunnedah Saleyards witnessed a vibrant market this week, with an impressive surge in numbers and competitive pricing across various segments. Regular buyers were actively participating, maintaining a solid market for both young and grown cattle.

Source: David Monk, MLA Gunnedah