Clearance drops to 38pc on AuctionsPlus, as costs proceed to deteriorate

A part of a line of 140 Ballot Hereford heifers 7-8 months averaging 221kg from Wantabadgery, NSW that returned $900/head or 407c/kg on Friday. An extra 140 brothers from the identical vendor averaging 227kg returned $1050, or 461c/kg.

On-line cattle buying and selling adopted the clear pattern seen in bodily gross sales earlier this week, with substantial additional declines in most younger cattle and a few breeding cattle classes.

Listings decreased by 5 % for the week, reaching 17,584 head, whereas clearance charge slipped to 38pc.

Outcomes strengthened the pattern of patrons cherry-picking the most effective breeding females. Competitors for a choose group of breeding inventory supported greater worth over reserve, whereas deteriorating restocker demand for younger cattle, which contribute 62pc of listings, has weighed down on clearances.

Costs have been largely decrease throughout steer and heifer classes aside from the heavier 400kg+ classes which noticed strong positive factors – suggesting that feeder and processor demand is presently stronger than restocker demand.

Steers 200-280kg registered 2832 head for competitors and averaged 425c/kg, down 26c from final week for a 50pc clearance. Costs ranged from 338-498c. A line of 61 Angus steers 9-10 months averaging 279kg from Booborowie, SA, returned 422c/kg.

The 2322 steers catalogued within the 280-330kg vary dropped 20c/kg to common 412c this week, whereas steers 330-400kg registered 1605 head and averaged 391c/kg, down 18c from final week for a 52pc clearance.

Costs ranged from 302-470c. From Alexandria, Victoria, 100 Angus steers September 11 months averaging 343kg returned $1610 or 470c/kg.

Heifers

Heifers 200-280kg registered 1594 head and averaged 347c – down 19c from final week for a 47pc clearance. Costs ranged from 255-407c. A line of 140 Ballot Hereford heifers 7-8 months averaging 221kg from Wantabadgery, NSW, returned $900/head or 407c/kg. A line of 140 brothers to these heifers from the identical vendor averaging 227kg and returned $1050/head, or 461c/kg.

Heifers 280-330kg registered 876 head and averaged 337c – down 45c from final week for a 38pc clearance. Costs ranged from 157-418c. From Koorawatha, NSW, 24 Shorthorn heifers 9-10 months averaging 311kg returned $1300 or 418c/kg.

Breeding females

PTIC heifers registered 1977 head, 45pc down on final week because the trade strikes away from the height provide interval. Costs averaged $1528/head – down $106 from final week for a 30pc clearance. Forty-six Angus PTIC heifers 15-24 months averaging 500kg from Taroom, Queensland returned $2040/head.

Listings of PTIC cows elevated 10pc to 1929 head and listings of SM cows lifted 78pc to 1028 head because the trade approaches the height provide interval for joined cows as producers consolidate breeding herds heading into winter.

PTIC cow costs averaged $1927 – down $39 from final week for a 27pc clearance. A line of 55 four-year-old Angus PTIC cows 565kg from Guyra, NSW returned $2560.

Costs as at 2pm Friday, 12 Might.

Supply: AuctionsPlus