Market Update: Gunnedah Saleyards Sees Increased Yarding with Mixed Prices

File image: Selling action at the Gunnedah Saleyards.

Current Yarding Statistics

Total Yarding: 7,800 cattle Change: +800

An increase in numbers was noted at the Gunnedah Saleyards, with a total of
7,800 cattle scanned, reflecting an increase of 600 from the previous week.
The overall quality of the yarding was deemed fair, with cows once again
constituting a large portion of the supply. Prime cattle remained limited,
yet they drew significant interest from major buyers, despite the market showing
cheaper overall rates.

Cattle Price Overview

Prime cattle prices ranged from 340c to 430c/kg. Yearling steers intended for feed
exhibited a decline of up to 40c, with sales ranging from 380c to 468c, averaging
around 443c/kg. Heifers reported price points between 368c and 428c/kg.
Additionally, young cattle for restockers saw considerable price reductions, with
steers priced from 265c to 488c, averaging 437c/kg, while heifers peaked at 420c/kg.

Grown Cattle and Cow Market Trends

Demand for prime grown cattle was limited, with prices peaking at 420c/kg.
The cow market exhibited a downward trend across the board, particularly affecting
lighter condition cows. Score 2 cows for processing were priced between 142c
and 280c/kg, while Score 3 cows ranged from 280c to 325c/kg. Prime heavy
weight cows were sold from 300c to 345c/kg. For cows going back to the paddock,
prices ranged from 150c to 324c, with bulls achieving a high of 350c/kg.

Source: Hamish Hosegood, MLA Gunnedah