Widespread rain, a disrupted sales week and a 22% weekly reduction in supplies would traditionally indicate a much stronger online livestock market.
However, results on AuctionsPlus this week were “everywhere”, with significant price movements in both directions, with liquidation rates declining in some of the major categories, with sellers and buyers appearing to diverge in market value.
For the five categories of young steers, it was three down, two up, with the largest movements in the two lightest categories. Again, influenced by a consistent representation of dairy cattle, categories under 200 kg, with only 355 head offered, fell $ 137 last week, to average $ 964 / head, erasing the most of last week’s $ 158 gain. Unlike its lighter compatriot, the 200-280kg steer segment sold at a much stronger trend, with a clearance rate of 87 pc for the proposed 1695 head. Prices for steers weighing 200 to 280 kg were on average $ 1,681 / head, up $ 191 from the previous week.
A large comparative offer of heavy steers over 400 kg sold at regular competition, with a clearance of 83 pc for the 1116 head offered. The past few weeks have seen a steady supply of heavy steers hit the market, with this week’s price slightly lower, down $ 8, to an average of $ 2,417 / head – or down 5 cents, to hit an average of 535 cents / kg.
For heifer lines, most of the week’s deals were in the 200-280kg segment, with 2,414 heads sold at a clearance of 86 pc – an average of $ 9 cheaper, at $ 1,522. A constant supply of 330-400kg heifers sold at clearance of 84 pc, with prices slightly higher by $ 4, averaging $ 2,058.
For the proven breeding lines, this was largely a softer market, with liquidation rates varying by category. After weeks of moderate clearance rates, the 978 PTIC heifers on offer sold at a much higher clearance of 81 pc – as the price fell $ 139 last week, averaging $ 2,434.
Anecdotal reports indicate that some sellers are choosing to set PTIC heifer reserve levels lower than in previous weeks, in an effort to improve the likelihood of a trade.
One of the best results of the week was the sale of 33 Angus heifers mated to the CAF station in Ballimore, central New South Wales. Sold at $ 3,940 / unit, the 33 SM heifers weighed an average of 481 kg at the age of 2-3 years, while the calves weighed an average of 157 kg.
Among the largest lines sold this week, 111 well-developed PTIC Charolais x Brahman and Brahman heifers 18-30 months old weighing an average of around 430 kg on Tara in South Queensland made 517.8c for four Charbray type decks and 483.1c for the remaining Brahmany types. The heifers were originally purchased during the drought off the Augustus Downs in Stanbroke.
Prices for Friday October 8 at 2 p.m.
Source: Auctions Plus