Beyond the Saleyards - Price stability a feature for WA
WA markets were stable again on the processor front at 580¢ for hoggets and mutton, 720¢ for crossbred lambs and 700¢ for Merinos.
Feedlot and restocker prices have been well supported at 310¢ and are being bid up to 325¢ on farm, depending on the stock type.
East coast markets were flat, with crossbred lambs remain around 800¢, 660¢ for hoggets and 600¢ for mutton.
The wool market closed the week lower with the EMI down 12 to 1306¢, with a stronger AUD doing some of the damage.
East coast goat markets have been strong over the last week. Not only have depots continued to hold around 400¢/kg liveweight, but processors are now bidding over 1000¢/kg carcase weight.
The WA market has remained flat at 720¢/kg carcass weight.
East coast cattle markets showed some signs of weakness last week, likely due to the fact that higher prices are not viable for processors and are doing little to bring in significantly more stock. Many east coast processors and feedlots lowered the bids in the range of 10-20¢.
In WA, the market remains well bid around 450¢ for feeder steers, despite some stock being transacted below this level. Export markets were active over the past week.
Northern feeder steers are bid from 415¢ and slaughter steers from 380¢. Bulls and heifers are generally around the 380-390¢ area, and cows are about 280¢.
Processor and feedlot market bids at the start of the week (¢/kg or $/head):
WA restockers: Angus/Murray Grey milk-tooth feeder cattle — steers 450¢, heifers 420c. Contact LIVEstock Pricing for buyer details.
East coast processor prices: 100- day grain fed (HGP free): steers 700¢, heifers 695¢. Grass fed: steers 695¢, heifers 690¢. Cows 600¢. Bulls 530¢.
Queensland feedlots: Black Angus: 490¢, Black Angus British X: 480¢, Wagyu X Angus: 655¢.
Queensland export orders: Feeder steers 415¢, slaughter steers 380¢. Feeder bulls 380¢, heifers 360¢, cows 280¢.
NSW feedlots (steers): Black Angus: 425¢. British, Euro X, Flat Back: 465¢, XB 445¢.
China export orders: Heifers (unjoined): Friesians $2100 Holstein (200+kgs, no blood tests) $1000-$1200. Red Angus $1300. Jersey unjoined heifers (200kg) $1300.
Full price grids and details for all these orders are available in the LIVEstock Pricing app and online at livestockpricing.com.au.
Rob Kelly is the Founder and Managing Director of LIVEstock Pricing, a free service with the latest sheep, cattle and goat price grids in one easy-to-use app.
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