Demand for PTIC heifers wanes with prices down $60

PTIC-heifers-Uralla

These PTIC Angus heifers from Armidale, NSW, made $2850.

The most notable movement last week was for the heavier end of the young heifer category. With a very similar number of 330-400kg heifers offered compared to last week, at 1,430 head, the average price jumped $63, to $2,082/head – at a 95% clearance rate.

Reports of producers chasing future breeders assisted the stronger returns, with the favorable season outlook enabling some producers to take a slightly longer and somewhat cheaper approach to rebuilding.

In contrast, the PTIC heifer average for the week slipped $60 lower, to $2,547/head – with a 68% clearance rate for the 1,539 head offered.

The heaviest heifers (400kg+) jumped $156 on last week, to average $2,230/head – with a 99% clearance rate for the 681 head offered.

While registering a comparable clearance rate for the week, at 97% for the 987 head offered, 400kg+ steers eased $83 this week, to average $2,337/head.

For the young steer lines, there was a sharp contraction in offering for the 200-280kg and 280-330kg categories compared to last week – contracting 47% and 54%, respectively.

In contrast, 330-400kg steer numbers increased 63%, at 2,177 head – with the average price slipping $33, to finish at $2,015/head.

The overall clearance rate through the proven breeder categories with CAF was lower this week, an indication that the willingness for buyers to meet vendor reserves was again diverging.

NSM heifers with CAF averaged 5% cheaper on last week, at $3,639/head – with 75% of the 736 head selling.

Interestingly, the clearance rate for PTIC cows was close to last week, at 56%, for the 1,415 head offered – while the average price jumped 11% on last week, to $2,728/head.

-AuctionsPlus

UPCOMING SALES / EVENTS
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