Market Update: Gunnedah Saleyards See Surge in Cattle Numbers

File image: Selling action at the Gunnedah Saleyards.

Yarding Overview

Total Yarding: 4100 Cattle Change: +770

This week, Gunnedah Saleyards reported an increase of nearly 800 cattle, bringing the total yarding to 4100. The quality of the cattle was notably impressive, with a good representation of prime cattle across all sections. Young cattle suitable for feeders and backgrounders were also available, and regular buyers were active despite a predominantly softer market.

Price Insights

Young Cattle

Prices for young cattle targeted at trade remain mostly firm, although there has been a slight dip of 5 cents in some cases. Prime vealers and yearlings are currently selling within the range of 394c to 490c/kg. Meanwhile, feeder steers saw a drop of up to 30 cents, with current prices between 372c to 496c/kg. Feeder heifers also followed the trend, decreasing by 15 to 20 cents, with prices between 384c to 446c/kg.

Restocker Prices

For restockers, young steers sold strongly, reaching 526c/kg, while young heifers fetched up to 448c/kg, demonstrating stable demand in this sector.

Grown Cattle

When it comes to grown steers and heifers, prices are down by as much as 25 cents. Prime grown steers are now priced between 414c to 486c/kg, and prime grown heifers are attracting around 430c/kg. Secondary cows remained nearly steady, although the heavier prime cows saw a reduction of 16 cents, with figures ranging from 360c to 400c, averaging around 386c/kg. Cows sold to restockers were priced from 148c to 365c/kg, and heavy bulls achieved up to 390c/kg.

Conclusion

The latest sale at Gunnedah reflects the volatile nature of the livestock market, with fluctuations in both supply and demand shaping prices across various categories. Buyers remain active, adapting to the changing landscape while aiming to secure quality cattle.

Source: David Monk, MLA Gunnedah