CTLX Market Report 16/06/15

Numbers eased slightly and the quality was plainer than previous weeks in a yarding of 3046 head. Most of the young cattle were lacking finish and went to feedlot and backgrounding orders. Grown steers were limited in numbers but there was a good run of cows. All the usual buyers operated in a dearer market.

Restocking vealer steers gained 13c to 17c, with the better and heavier runs ranging from 250c to 300c/kg. Yearling steers to the trade were firm on average selling from 303c to 310c/kg.

Feeder steers lifted 5c to 10c to sell from 260c to 324c/kg. Heifers to feed jumped 20c, receiving 234c to 287c/kg. Medium weight trade heifers sold to a stronger trend and heavy weights remained firm. Heifers ranged from 249c to 300c/kg.

Grown steers were firm on a limited supply. The medium weight 2 score cows lifted 18c to 20c while the heavy 3 and 4 scores gained 5c to 10c/kg. The 2 score cows ranged from 150c to 181c and the heavy weight 3 and 4 scores 189c to 213c/kg.

Top quotes from today:

Wonganella Farms, Taralga, Limousin X Steers, 300.0c, 521kg, $1565.00

M & S Parfett, Blayney, Angus Cows, 200.0c, 545kg, $1091.00

R Cocco, Oberon, Angus Steers, 321.2c, 408kg, $1313.35

Ray Hawke, Hall, Angus Steers, 317.4c, 395kg, $1253.73

T G & S L mendham, Barry, Angus X Heifers, 285.0c, 460kg, $1311.00

Tirrabeena Pty Ltd, Trunkey Ck, Angus X Steers, 298.2c, 532kg, $1587.34

H & H M Taylor, Springside, Murray Grey X Steers, 301.2c, 310kg. $933.72

Terry Thomas, Lucknow, Angus Steers, 287.2c, 368kg, $1056.90

Once again a very strong market with the moisture about putting an extra “zip” in the bidding. Slaughter cattle continue the weekly trend of becoming scarcer and harder to find. Feeders were in a frenzy over the better pens of both steers and heifers. Cows, bulls and heavy steers all remain at firm to dearer rates.

Hard to see a downside to the present market conditions given reasonable rainfalls over coming months. Weaners were attracting plenty of attention in the market today although did look a little better buying than out of the store pens which were very hot last Friday.

Let’s hope we get a little of the good rain that has been falling to our near north over the last 24 hours. Those with cattle ready to roll are going to enjoy themselves over the next little while!