CTLX Market Report 15/09/15

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Cattle numbers were slightly reduced to 1414 head and the quality was not as good, with only a limited supply of prime cattle. Secondary lines
of yearling were well supplied and there was a decrease in the number of steers offered.

Grown steers and bullocks were again in short supply. Cow numbers increased but the quality was not as good. Not all the usual buyers operated in a mostly firm to dearer market.

Restocking vealer steers lifted 8c to reach 360c/kg. Medium weight vealers to processors gained 2c, selling from 311c to 332c/kg. Trade yearlings were unchanged with the steers ranging from 322c to 354c and the heifer portion returning 300c to 329c/kg.

Medium weight feeder steers and heifers both eased 3c to 4c while a smaller number of heavy weights gained 3c/kg. Feeder steers sold between 300c and 344c and heifers made 272c to 330c/kg.

The few prime grown steers over 500kg were firm, receiving 310c to 325c/kg. Cows were the big improver, gaining 4c to 9c/kg.
Medium weight 2 score cows ranged from 222c to 239c and the better covered heavy 3 and 4 scores sold from 245c to 270c/kg.

Top quotes from this morning:

B & L Edwards, Lyndhurst, Angus Bull, 319.2c, 925kg, $2952.60

Tony Millbank, O’Connell, Angus Steers, 354.2c, 510kg, $1808.19

R J Bilton, Molong, Angus Steers, 325.0c, 552kg, $1794.00

J F & R E Mendham, Canowindra, Hereford X Cows, 264.0c, 630kg, $1663.20

G L Whitehead Pty Ltd, Angus Cows, 260.0c, 604kg, $1570.40

Cole & Marshall, Millthorpe, Angus Steers, 344.0c, 459kg, $1580.68

Frank Bartirilla, Meadow Flat, Angus Steers, 341.2c, 389kg, $1328.24

Cameron Oborn, Forest Reefs, Angus Steers, 340.0c, 414kg, $1408.57

Ringmer Pacific, Tarana, Charolais X Steers, 335.0c, 392kg, $1314.87

Reid Family Settlement, Molong, Angus X Steers, 341.8c, 323kg, $1106.35

Once again a very strong market at CTLX this morning with probably a few more prime cattle in our run attracting some great competition. Special mention to Tony Millbank from O’Connell who yarded an excellent pen of Angus Steers weighing in at 510kg reaching a new record price for the centre for heavy steers to slaughter of 354.2c/kg. Outstanding result and well deserved!

The market outlook remains solid with many processors wondering where fat stock are going to come from over the next few months. As always we remain in the lap of the “seasonal gods” but if they remain merciful then the betting is strongly in our favour.

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