Regardless of yarding almost 3000 head much less, the restocker yearling steer indicator got here underneath probably the most strain nationally this week, falling by 17c/kg to 462c/kg. This was probably all the way down to greater than 40% of the eligible inventory popping out of the Roma retailer sale in Queensland, which averaged 459c/kg. Common weights had been decrease week-on-week for all classes of restocker steers at Roma, with the Nationwide Livestock Reporting Service quoting backgrounders as being extra selective of their shopping for.
All different main nationwide indicators remained inside 5c/kg of the place they had been final week. Feeder steers elevated by 2.5c/kg to 477c/kg, however stays about 10c/kg under the place it peaked at a month in the past. Feeder heifers fell about the identical quantity, to land at 428c/kg. Heavy steers lifted to 345c/kg, inside a whisker of document highs. Provide continues to be pushing processors on this class, with Queensland once more providing over half the eligible inventory, whereas lower than 200 head had been offered in Victoria. Dubbo, NSW, was a standout, with 24% of the providing and averaging 485c/kg.
Final weeks slaughter slipped barely, simply hitting 143,000, and whereas it was the bottom numbers since mid-August, it nonetheless sits nicely away from year-ago ranges. Processor cow costs dipped by 5c/kg to 375c/kg, 35% stronger year-on-year, and 46% above the 10-year-average for the indicator. Export demand from the US continues to help the cow job, plus studies are processors are filling their flooring with cows the place heavy younger cattle aren’t out there.
The Japanese Younger Cattle Indicator continued to fall, probably on the again of the season being nonetheless in query within the south, closing the week at 871c/kg. Wagga Wagga, NSW, solely had 7% of the throughput, however averaged 100c/kg higher than the EYCI. On-line, which is reported in liveweight, younger cattle additionally misplaced floor, however much less so, solely dipping 5c/kg to 495c/kg. Within the West younger cattle landed at 809c/kg, down 11c/kg for the week.
