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Weekly cattle and sheep market wrap in Australia

Updated Mar 31, 2023
Cattle The Western Young Cattle Indicator (WYCI) softened 61¢ week-on-week as prices from the Mount Barker sale eased nearly 67¢, below the usually-softer Muchea sale. This was mostly due to the limited yarding and mixed quality at the saleyard. Cattle yardings tightened this week to 41,511 head. Despite flooding in the north, March totals improved 4% month-on-month. Roma had a tightening of numbers this week, with most cattle being sourced from south-west Queensland or northern NSW.
The Restocker Yearling Heifer Indicator strengthened across all weight ranges, with Roma continuing to contribute the most cattle to the indicator. Against the national average, Wagga Wagga and Mount Barker had the strongest prices of 359.65¢/kg live weight (lwt) and 340¢/kg lwt respectively. For the Restocker Yearling Steers, Dalby took out the top price of 435.55¢/kg lwt but the indicator still eased 8¢ week-on-week. The price for heavy steers continues to ease, with the indicator reaching 313.74¢/kg lwt. Prices like this have not been seen since May 2020 and now sit below the 10-year average. Year-on-year, total yardings for the first quarter of 2023 have improved by 4% as supply from the rebuild begins to hit the market. Rain in Queensland and northern NSW has improved buyer demand. Sheep and lambs It was a stronger market this week for most sheep and lamb indicators. Due to improved quality at top contributing saleyards, the Heavy Lamb Indicator improved 10¢ week-on-week. ...
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