The young cattle market continues to sit at all time levels, as the EYCI cracked a new record of 896.5c/kg cwt last week.
Unfortunately, for many an astute buyer, the continued talk of record high markets, reduced supplies and robust rebuilding intentions would be getting a little stale.
Looking ahead, widespread opportunities to purchase young cattle at any major discount to the current rates now looks to be in the final quarter of 2021.
Steer, 280-330kg, averaged $37/head lower this week, at $1,608 – with a 92% clearance rate for the 1,119 head offered.
In the north, a line of 125 Brahman steers out of Julia Creek, averaging just shy of 300kg liveweight, sold to $1,373/head – equating to 874c/kg cwt.
Of note this week, albeit on a very thin market, heifers (400kg+) averaged $105/head higher than steers at the same weight – $1,829/head compared to $1,724/head.
Hesitant buying for the heavier steer lines, given the disrupted weeks will have impacted demand, while in contrast, heavy heifers continue to be chased hard for herd rebuilding.
For breeding lines, bidding continued to be fierce for a very limited supply of assessed females with CAF.
A line of 30 NSM heifers and 30 calves out of South West Victoria averaged $3,580/head. The 100% Angus heifers were 30-32 months old and averaged 543.9kg liveweight.
Similarly, 75 18–22-month-old PTIC heifers, averaging 419.9kg/head, out of Nundle NSW, sold to $2,480/head – or 1193.5c/kg dressed.