Auctions Plus offers have fallen nearly 26% this week compared to just a fortnight earlier, as the end of the year neared.
Supported by more rain in some grazing areas in eastern Australia and a renewed forecast of sustained wet conditions in the third quarter, overall supplies fell to 11,684 head this week.
The young cattle market continued to soar, with the EYCI tying its record of 913.25c during the week. Online clearance rates have increased, recording customs clearances between 85% and 97% for the most populous categories.
The lightweight steers and heifers under 200 kg categories have fallen in price, on average 45c and 33c / kg cheaper than last week, but the two categories were barely negotiated. Several lines of dairy steers influenced the significant decline in the lighter steer category.
Clearance rates are robust across all five categories of steers, with the most populous category of steers between 200 and 280 kg liveweight attracting a supply of 2,161 head, an average of 5 cents / kg higher at 611 cents / kg.
In Bingara NSW, a line of 82 weaned Angus steers aged 8-10 months weighing an average of 225 kg, gained 711.7 c / kg or $ 1,600 per head, while their 203 kg sisters gained 668.6 c / kg.
For young heifers, prices were on average higher for all three middleweight classes, with the 200-280kg portion jumping from 42c / kg last week to 575c on average, with a liquidation rate of 88pc for the 1241 heads offered.
280-330kg heifers jumped from 48c to 571c on average, boosted by fierce auctions for 180 unweaned Angus heifers which sold for $ 2,520 / head. All from the same supplier (with more in other weight classes) from Tenterfield, NSW, the 180 heifers were 8 to 12 months old, EU accredited and spread across five separate tender lots ranging from 31 to 42 heads and an average batch of 298kg to 328kg.
In contrast to high clearance rates for young cattle, PTIC heifers registered just 42 bp this week, for the 1,139 head offered, with an average price down $ 43, to $ 2,358 / head.
However, with a considerable decline in total breeding numbers, vigorous competition for quality breeding lines continued, with several offers receiving excellent feedback this week.
At Holbrook in southern NSW, an excellent line of 29 PTIC Angus heifers aged 22-23 months weighing an average of 478 kg sold for $ 2,830 / head. Further south from Howes Creek, Victoria, 60 Angus PTIC cows aged 4 to 5, weighing an average of 567 kg, joined the Shorthorn bulls sold for $ 2,850.
Checking all the possible boxes for a quick herd rebuilding, an indicative line of 36 Hereford PTIC cows ranging from 6 to 11 years old 587 kg with CAF sold for $ 3,000.
Among the biggest lines offered this week, Doonba Grazing, Glenmorgan has sold almost 480 young steers and heifers, all Angus x Santa Gertrudis. The steer portion, totaling nearly 300 head, fell from 538c / kg for the heavier steers of 344kg to 582.6c / kg for their lighter brothers of 292kg. The portion of heifers, totaling 278 heads, varied from 522c / kg for heavier future breeders weighing on average 362kg, up to 543.2c for background weights averaging 311kg.
Price for Friday 2 p.m.
Feminine lines are the perfect property for online shoppers at Forbes Store Sale
STOCKLIVE buyers stepped up competition between females on Friday at the Central West Livestock Exchange store sale in Forbes, where the heifer price hit $ 1,780 / head.
Tim Mackay, Forbes Livestock Agency, noted that online shoppers were more active in the heifer market compared to previous sales.
âIt looked like the buyers were coming from a mix of breeding operations and background training and were making massive bids on unaffiliated female lines,â he said.
“I would say most of the heifers bought online, however, went to backgrounders.”
A buyer from Yarrawonga, Victoria, drove the highlights online, reviewing a quality CC Pastoral Droughtmaster cross heifer line, which weighed 358kg and was purchased for $ 1,650 / head. The steer portion of the CC pastoral offer was purchased for $ 1,240 / head, for a Charbray pen weighing on average 250 kg.
The Yarrawonga-based buyer completed his purchases with a BW and LM Shepherd Angus pen, which fetched $ 1,560 / head and weighed 321kg.
A total of 2,000 quality head of cattle were processed at the auction, and Mr Mackay said prices were firm across the board.
âWe had a few steers and heifers a year older than in previous sales, and the quality of the weaners reflected the season as they had a lot of weight and were in good condition,â said Mackay.
The auction marked the fourth in-store sale to be held in yards in 2021, after the auction center took a four-year hiatus from in-store auctions during the drought.
CWLE Director of Sales Cassi Walmsley said resupply efforts in key production areas have boosted demand for in-store sales and, given the uncertainty of the COVID-19 pandemic, complete the auctioning with online sales capabilities was an obvious choice.
âWhen the decision was made to bring back sales, we wanted to reach a bigger market and we were able to achieve that through StockLive,â she said.
Ms Walmsley said demand for livestock resulting from the sale crossed state lines and innovated for breed preferences among producers.
âIn a recent sale we had a head of Santa Gertrudis cattle in southern Victoria, which is an area that tends to prefer your bloodlines bred in Britain,â she said.
Sources: AuctionsPlus, Stocklive