It was the heavier heifer lines that increased in price last week, as the two lightest lines declined despite clearance rates of 99% and 100%, respectively.
Given the reduced supplies, 280-330kg heifers averaged $203 higher on last week, to $2,134/head, while the heavier 330-400kg lines jumped $260, to average $2,376/head.
The clearly stronger market for heavy heifers, including PTIC lines, can be viewed as a leading indication that recent rain and forecasts has boosted the demand for future breeding lines.
Given the seasonal confidence many producers would now have for 2022, the longer time option of purchasing unjoined lines appears to be back in vogue – and some $800 cheaper than the current PTIC heifer option.
Through the proven breeding lines it was a stronger market, with PTIC cows up $92 on last week, to average $2,971/head – with a 95% clearance rate for the 866 head offered. Station mated cows with CAF averaged $361 higher this week, averaging $3,958/head, with a top price of $4,770/head.