Weekly Cattle Market Update: Charters Towers
Yarding: 1500 | Change: -1250
File pic of Dalrymple Saleyards. Image: Charters Towers Regional Council
Market Overview
This week, isolated storms across various regions led to a significant reduction in cattle numbers, with only 1500 cattle presented in a prime-only sale. The quality of the livestock varied considerably, with fewer heavy bullocks and nearly 700 cows, alongside many small, lesser-quality lines. All regular buyers were present and actively bidding, reflecting stronger rates throughout the event.
Price Movements
Yearling steers and heifers destined for trade witnessed an increase of up to 25 cents, while bullocks surged by 28 cents. Prime cows also saw gains, firming up to 12 cents higher. Notably, heavyweight cows saw remarkable increases of up to 54 cents per kilogram.
Details on Specific Classes
For yearling steers above 400kg, the trade averaged 418 cents, with some reaching as high as 448 cents. A quality sample of yearling heifers above 400kg averaged at 392 cents, with some peaking at 408 cents. Grown steers above 400kg for processors made to 406 cents, averaging 394 cents, while heavy grown steers sold for up to 438 cents per kilogram. The supply of grown heifers was reduced, with prices ranging from 338 to 362 cents, and a few exceptional heavy heifers selling for 408 cents.
Heavy young bullocks intended for export slaughter topped at 450 cents, with most fetching between 410 and 438 cents per kilogram. Medium weight 2 score cows intended for feeding averaged at 311 cents, while processor types reached 366 cents, averaging at 322 cents. Medium weight 3 score cows peaked at 386 cents with an average of 368 cents. Lastly, prime heavyweight cows topped at 410 cents, with most sales between 362 and 406 cents. Heavy bulls intended for processors were priced between 330 and 358 cents per kilogram.
Conclusion
The market displayed resilience despite the weather-induced challenges, with both buyers and sellers engaging actively across various cattle classes. These positive trends bode well for the cattle industry in the upcoming weeks.
Market Reporter: Mick Kingham
For a comprehensive report on Charters Towers, visit the NLRS website.
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