Cattle yardings fell by about 6000 head
this week, with newest slaughter figures (final week’s) additionally on the decline,
down simply shy of 2000 head from the earlier report. Slaughter nonetheless stays
nicely above year-ago ranges, 8.5% above to be actual, and feminine slaughter
at the moment sits inside 1% of male throughput.
Given this, it comes as no shock
Nationwide Livestock Reporting Service noticed robust demand for processor cows this
week – so long as they have been on the proper weight, and that the nationwide
indicator rose by 14¢/kg to 328¢/kg. Roma retailer sale, Queensland, had the
largest variety of eligible cows (18% of the indicator) and averaged larger at
331¢/kg, whereas Dalby, Qld, had 15% of throughput and averaged 337¢/kg.
Restocker and feeder heifers each climbed
greater than 17¢/kg from the earlier week, to land at 366¢/kg and 377¢/kg
respectively. The highest 5 yardings for restocker heifers have been north of
Tamworth (inclusive), giving a very good indication that the provision has dried up in
the south till the spring progress. On the subject of feeder heifers, NSW yards
have been reaching a big premium over Queensland, averaging 406¢/kg
in comparison with 335¢/kg.
Argus Meat & Livestock are reporting
feeder cattle provide as restricted throughout the board, regardless of some feeders tapping
into backgrounders and firm numbers and taking into consideration the timing of
the Christmas processor shutdown. Rising processor contracts for completed
cattle and softening feed wheat costs are possible boosting confidence on this
sector.
The Jap Younger Cattle Indicator climbed
24¢/kg for the week, up practically 60¢/kg previously 4 weeks, and sitting at
722¢/kg carcase weight, or $1420/head. The On-line Younger Cattle Indicator rose
about 10¢/kg for the week to 421¢/kg dwell weight, with greater than 1 / 4 of
the eligible inventory coming from the desert channels.Â
