A 17% reduction in offerings to 16,966 head, along with rain in key regions, fueled buyer competition on AuctionsPlus this week.
The value of most young steers and heifer lines has increased, especially among the lighter descriptions, while prices have also increased thanks to most proven breeding lines, including PTIC heifers.
Rain over large areas of eastern Australia this week, particularly in southern Queensland, gave the market new momentum with EYCI hitting a new record.
Year over year the market is 30-40% higher in a range of categories and given the latest three-month precipitation forecast in the BOM, the positive seasonal conditions appear to strengthen the market at recent levels up to ‘at the end of the year. .
Young light steers were once again a rare item this week, with much of the dairy-influenced lines offered in the lighter segment of the southern market. However, the prices of the 280-330kg and 330-400kg lines have increased significantly, with liquidation rates of 88pc and 92pc, respectively. For the 280-330kg weight segment, the 1115 head sold to fierce competition, averaging 35c / kg higher, at 625c, while the 330-400kg segment kicked off 32c. at 585c on average, with a much lower supply of just 847 heads for the week.
Demand for feeder steers remained strong, with the head of 1233 + 400kg steers selling at a clearance of 92pc and averaging 2c higher, at 540c.
A 48pc contraction in the number of 200-280kg heifers offered this week helped a 20c / kg increase from the weekly average to 624c – with a clearance of 93pc for the reduced supply. Prices for the 280-330kg and 330-400kg lines were little changed last week, down 0c and 3c respectively.
From Young on the southern shelves, a line of 70 future Angus NSM breeders aged 12 to 15 months weighing an average of 347 kg made 607.2 c / kg or $ 2,105 per head. A second set of Shorthorn x Angus half-siblings of similar age and weight yielded 577.6 c / kg.
Numbers were again very meager in the proven breeding lines, with the 1689 PTIC heifers constituting the largest segment of the market. The PTIC heifer liquidation rate increased slightly from last week, to 65%, while the average price jumped $ 192 last week, to $ 2,573 / head. NSM cows with CAF sold at a high interest level, averaging $ 97 more than the week before, at $ 3,427 / head – with 84 pc clearance for the 865 head offered.
Outside of Niangala on the North Shelf of New South Wales, a line of 50 Angus and Angus cows 4-8 years old, mostly fat, have an average score of 430 kg, with 50 Angus calves per foot who earned 804.3c / kg alive, or $ 3460 per pair.
Prices for Friday October 1 at 2 p.m.
Source: Auctions Plus