WA cattle prices continue upward trend
Strong demand for young cattle has pushed the WA cattle market up, with prices continuing to trend higher than the east coast.
The Western Young Market Cattle Indicator closed at 557.5¢/kg carcase weight last Thursday to outperform the Eastern Young Market Cattle Indicator, which finished at 501.5¢/kg cwt.
It came after the WYCI averaged 551¢/kg cwt the week before to be trading 7 per cent above EYCI’s 512.7¢/kg cwt.
Landmark livestock agent Wayne Hams of Busselton said buoyant prices at the weekly Boyanup saleyards auction was reflecting the State’s upbeat cattle market.
“The vealers have been going very well,” he said.
“Steer vealers, depending on weight and breed, have been getting anywhere from 305¢/kg to 350¢/kg.
“The heifer vealers have been anywhere from 250¢/kg to 300¢/kg, again with weight and breed being very important.”
At last Tuesday’s Boyanup auction, 1255 cattle were penned, with prices for heifer vealers under 330kg rising as much as 10¢/kg to be fetching highs of 290¢/kg.
Steer vealers weighing more than 330kg were trading up to 318¢/kg, while up to 332¢/kg was available for steer vealers between 280kg and 330kg.
Mr Hams said the strong prices at Boyanup would “stay pretty firm” through to Christmas and may “sneak up” into the new year.
Get the latest news from thewest.com.au in your inbox.
Sign up for our emails