CTLX Market Report 26/05/15

All weights and grades were well represented in a plainer quality yarding of 3565 head, with a large percentage of young cattle and grown steers lacking finish.

Young cattle to the processors were 4c to 6c dearer, with vealers selling to 303c/kg. Prime yearling steers sold from 270c to 310c, while the prime heifer yearlings sold from 235c to 295c/kg.

Young feeder steers were firm to 3c cheaper, while the feeder heifers were up to 8c/kg cheaper. Young feeder steers sold from 230c to 310c, while the feeder heifers sold from 220c to 296c/kg.

Grown steers were 3c to 6c cheaper, with the better medium and heavy weights selling from 258c to 293c to slaughter and 309c/kg to feed. Grown heifers sold to 290c/kg.

Plain condition cows were 8c cheaper, while the well finished cows were firm. The 2 score cows sold from 135c to 183c, while the better 3 and 4 scores sold from 175c to 215c, with the 4 score heavy weights averaging 209c/kg. Bulls topped at 259c/kg.

Top quotes from today’s run:

Roscommon Pastoral Co, Crookwell, Angus Bull, 253.2c, 1175kg, $2975.10

Greg Hunt, Spring Terrace, Angus Steers, 307.6c, 546kg, $1681.80

Richard Cutler, Orange, Angus Cows, 211.0c, 741kg, $1564.91

Warrakimbo Pastoral Co, Caragabel, Hereford Cows, 213.0c, 709kg, $1510.36

Rosemary Carroll, Bathurst, Droughtmaster X Steers, 288.2c, 521kg, $1501.84

Brendon Scott, Neville, Angus Heifer, 290.0c, 504kg, $1461.60

Tirrabeena Pty Ltd, Trunkey Ck, Hereford X Cows, 215.2, 662kg, $1426.59

Loyd Baker, Springside, Angus X Steers, 310.2c, 423kg, $1313.92

The Falls, Neville, Angus Heifers, 285.0c, 467kg, $1333.56

Alan & Lance Watterson, Millthorpe, Hereford X Steers, 287.2c, 419kg, $1204.80

Ian & Karen Mawhood, Oberon, Angus Heifers, 265.0c, 394kg, $1044.17

Once again a very strong market this morning at Carcoar. I notice from the MLA report quoted above some averages may have ended cheaper. In my opinion this really just reflects the quality of the cattle being yarded. There was a noticeable increase today in the numbers of plainer cattle penned.

Better quality cattle sold to strong competition from both feeder and processor operators. The three dollar barrier which last week was stopping all feeder orders in the market was swept aside with practically all black feeder steers in the heavier brackets making well north of this.

Increased restocker orders in the market made the better weaners dearer; however, some light weight heifers look pretty reasonable value as more come onto the market with the onset of the colder weather.