The Japanese Younger Cattle Indicator eased barely
to 704¢/kg carcass weight, as practically 40% of the throughput got here out of Roma,
Queensland, retailer sale, which averaged 701¢/kg. The excessive performers for the
EYCI was central NSW, with Carcoar and Dubbo averaging 800¢/kg and 750¢/kg
respectively, however each having lower than 1000 head eligible for the indicator.
Comparatively, the ECYI is buying and selling about 20% stronger than this time final yr,
and above the 10-year-average worth, however nonetheless lags 10% under the five-year worth
information.
On-line gross sales in QLD and NSW have been the 2
largest contributors to the Nationwide Younger Cattle Worth after Roma, which held
agency at 380¢/kg liveweight. NSW common about 40¢/kg greater than QLD with on-line
gross sales. Yearling steers made up 40% of the eligible cattle and averaged 400¢/kg.
The Restocker Yearling Steer Indicator gained 10¢/kg to land at 394¢/kg, with
a rise of 2300 head in comparison with final week.
Feeder steers common 390¢/kg, down 8¢/kg
from final week, and a Feeder Heifer Indicator was added to Meat & Livestock
Australia’s knowledge this week. It takes in each grown and yearling heifers that
are bought by lotfeeders out of the saleyards, and at the moment sits at
334¢/kg. Heavy steers have been the one class to expertise important downward
strain this week, dropping greater than 23¢/kg to shut the week at 348¢/kg,
again to month-ago ranges.
Cows continued their climb this week, up
one other 8¢/kg to 291¢/kg, again to the place it was at first of Might. They’re
now buying and selling at 20% above the 10-year-average, supported by export demand and a
90CL worth which retains heading north.
