Prices lift behind ‘shortage’

25-04-2020 by admin

THE SUPPLYchain has reacted to last week’s higher prices with most markets reported by MLA indicating larger yardings.

Wagga Wagga, Wodonga and Shepparton all recorded a big lift in supply, while most other markets offered small increases. The exception to this was Pakenham’s trade and bullock market, Monday, which surprised everyone by falling to just 850 head.

This supply decrease on the first trading day of the week, following weekend supply, and dearer market, led to further increased demand from local and export processors. Being close to many of the abattoirs does help this market, especially in these circumstances.

Prices were again dearer with MLA’s market report quoting prices up to 20 cents per kilogram liveweight dearer. It is fair to say that prices at Pakenham were catching up to other markets held later on in the previous week.

Prime bullocks sold to 322c, vealers to 340c, but it was the heavier steers and heifers, selling to 330c and 315c/kg respectively, that showed the much dearer trend. There were fewer grain assisted cattle at this market, and the best of these sold to 336c/kg lwt.

On the same day at Wagga, supply increased to 4700 head and included 1500 yearling steers, just over 1000 heifers and some 1300 cows. Because ofthe recent rain, both feedlot and restocker demand increased. restockers paid up to 370c/kg for steer calves.Once again, only fiveper cent of the steers went for slaughter, and about 60pc of the heifers, and all of this created higher prices. Steers to feed sold from 290-345c, and many heifers from 280-315c/kg lwt.

Fewer vealers were offered for sale at every market, and this saw prices range mostly from 300-335c/kg. Trade buyers had to pay up to 344c/kg lwt for grain assisted cattle to fill a large void in quality.

Stronger demand was also seen for grown steers and bullocks with good quality steers selling to 325c, and many bullocks between 295 & 322c/kg lwt. This saw a dollar return of $1700-$2200 for bullocks and steers.

I want to concentrate on the supply of cows. of the nine markets offering cows in Victoria, including Wagga, 5,800 cows were recorded in MLA’s reports over the seven day period.

This large increase in number was aided by Murray Goulburn’s pricing decision the previous week. Many dairy farmers are quitting excess cows to save costs and make money. This was very evident at Leongatha, Warrnambool, Colac, Shepparton, Camperdown and even Pakenham.

The percentage of dairy cows offered increased substantially at these sales, and equally at the non-reported market of Warragul where 900 cows were penned.

Prices for better quality beef cows ranged from 220-264c/kg, better dairy cows from 190-225c, and many of the poor and very poor quality dairy cows, anywhere from 87-190c/kg lwt.

Considering the number of dairy cows, including some herd lots, that went direct to processors, the number of dairy cows slaughtered was very large for this time of year.

Bill Shellcott, Foster, with granddaughter Megan at Leongatha store sale. Bill, a premiership player in 1946, was recently inducted into the hall of fame.

Stan Harrison, Giffard West, said he had never been paid this much money for calves. Yearling Charolais steers sold for $1400 and their younger brothers $1000.

Jimmy Kyle, SEJ Leongatha, points out the successful bidder for this line of 66 Angus, Hereford and Angus-Hereford bullocks at Leongatha. The 66 bullocks sold to 321c/kg.

Feedlot buyers and locals swell the crowd at the recent Leongatha store sale after up to 90mm of rain fell during the week. Prices were up to $120 higher for steers.

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