SUPPLY is closely influencing direct consignment slaughter cattle pricing this week, with some Queensland grids lifting in worth, whereas others in southern states are easing.
Current rain and higher prospects of the summer season season forward are components in each ends of the continent.
Some massive Queensland multi-site export processors have lifted charges 20c/kg this week, however the transfer is essentially in response to rivals who made related changes per week earlier.
For supply within the state’s southern area within the subsequent couple of weeks, anticipate to see grids providing 560c/kg on heavy cows and 620-630c on 4 tooth heavy grass ox, with implant.
Processors additional north in Central Queensland are sometimes 10c behind that.
The rises seen this week and final within the northern state haven’t seen inquiries ‘light-up’, one cattle purchaser mentioned. “It’s been extra about placing a value on these cattle that had been already on the books as house bookings,” he mentioned.
Extra rain over the previous week in areas of NSW, Queensland and Victoria has once more precipitated some delays in deliveries, however solely in restricted amount and unlikely to scale back kill numbers this week, contacts mentioned this morning.
Most Queensland processors at the moment are concentrating on rosters for the final two weeks of the yr, with most of the state’s bigger export operators planning their final kills on Thursday, 19 December, with the ultimate boning shift the next day. We’ll submit a listing of main plant closures and 2025 opening dates within the subsequent week or so.
With extra widespread rain impression now evident in massive elements of japanese Australia, some producers at the moment are starting to carry inventory again for kills in January-February, with the promise of additional weight.
In southern states, there’s been some proof of over-the-hooks charges easing additional this week, with japanese elements of South Australia again 10c to 540c/kg on good cows and 610c on four-tooth grass ox.
Southern NSW charges are largely unchanged this week, with consultant samples exhibiting 510c/kg on heavy cows and 590c/kg on grass ox, reflecting the current carry in provide.
Slaughter near season-highs
Nationwide grownup slaughter remained near 2024 season-highs final week, reaching 145,159 head for the week ended Friday.
The earlier week reset the 2024 file for secven day kills, at 145,687 head. Barring rain disruptions, the ultimate quarter (October-December) is shaping as the most important slaughter quantity seen sine the 2019 and 2015 drought years.
Price noting is the decline in feminine slaughter ratio over the previous month. Final week, females accounted for less than 43.2pc of the nationwide seven-day kill, down from 48.6pc solely three weeks in the past.
Saleyards tendencies
Bodily cattle gross sales held early this week confirmed a typically dearer pattern.
Gunnedah this morning yarded 3550, up 40pc on final week. Heavy grown steers had been dearer promoting to 339c/kg. Medium cows to feed had been in demand at 244-256c/kg, with heavy cows marginally dearer 274-292c.
A yarding of 1800 at Wodonga this morning, down 400 on final week, noticed strong export market competitors. Heavy steers averaged 325c/kg with bullocks averaging 321c/kg. The bigger providing of cows met an even bigger subject of consumers and costs had been much like final week. Heavy cows traded from 264-288c/kg. It was a powerful marketplace for leaner grades below 520kg, with all consumers wanting a market share.
Roma yarded 4274 head this morning, down round 1000 on final week resulting from rain. A preliminary report (full particulars tomorrow, after the sale is accomplished) mentioned the market was stronger for the higher high quality traces. Grown steers 400-500kg noticed the bulk making to 330c/kg. Grown steers 500-600kg offered to 329c/kg. Cows had been but to return on the time this report was filed.
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