Cattle May total yardings for cattle are up 51% from May 2022 with continued supply from the herd rebuild. The total yarding of 247,232 head is the highest monthly total since March 2020, when there was still some carryover supply in the north from the drought. Throughput through the indicators has been consistently high since the April public holidays, which is placing some pricing pressure on the market.
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Some reports noted the absence of notable buyers which is further reducing demand pressure, especially at some of the larger markets. This is being reflected in the processor cow indicator which has come back 12¢ week-on-week and 26% since 18 April. Feeder prices are seeing a similar trend, with prices easing 13% in the same period. As noted in previous weeks, the continued supply and consistently filled kill floor space at processors is impacting prices at the saleyards. These factors are increasing the impact of quality and finish on the market with premiums being paid for stock with weight. Drier conditions in south-east Queensland could also be having some impact on restocker demand and pasture quality. Sheep and lambs The heavy lamb indicator eased 33¢ to 627.27¢/kg carcase weight (cwt) this week despite a 17% softening in throughput. Wagga Wagga, which contributed 37% of throughput in the indicator, eased 22¢ for heavy lambs. Numbers at the sale lifted a little but quality ...
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