The demand for the heaviest steer lines continued to be extremely hot, with the 1,235 head selling to a 97% clearance rate – averaging $28 higher on last week, at $2,445/head.
Clearance rates were just as healthy through the lighter young heifer lines, ranging from 86% for the mid-weight 280-330kg lines, while the 1,157 head of 330-400kg heifers sold to 99% – albeit with the weekly average slipping $64 on last week, to $1,994/head.
Heifers 400kg+ jumped $189 for the week to average $2,377/head, with an 82% clearance rate for the very thin 449 head offered.
Competition between buyers was again extremely fierce for proven and quality breeders.
PTIC heifer prices jumped $352, averaging $2,786/head – with the highest demand lines rising well into the mid $3,000 range.
The overall PTIC heifer clearance rate at the conclusion of the auction was 65% for the 1,243 head offered. However, if recent weeks are any indication, this clearance rate will rise towards 80% over the next few days, as post-auction negotiations continue.
Results for the 804 PTIC cows offered this week mirrored the PTIC heifers, also selling to very strong demand – jumping $261 higher, to $2,495/head.
An overall excellent offering of NSM cows with CAF hit the market this week, with a sharp jump in average prices – up $586, to average $4,138/head.
One of the largest breeding offerings this week was out of Marulan on the Southern Tablelands of NSW, with 170 NSM Angus cows with 170 CAF selling to $3,400/unit.
The aged Angus cows, ranging from 8-12yrs, averaged 600.3kg liveweight, with the 170 calves ranging from 42-120kg liveweight.
Similarly, 56 NSM Angus cows with 56 CAF, out of Kingston, SA, sold to $3,640/head, with the cows 6-7yrs of age, averaging 562.6kg liveweight. The 56 calves at foot averaged 160kg.