Australia: Weekly cattle and sheep market wrap

Frozen Bone-In Beef
Market & Price Trends
Published Feb 23, 2024

Tridge summary

This week, the cattle market experienced a general decline with yardings dropping by 40,673 to 50,731 head. However, the heavy steer indicator remained stable and the dairy cow indicator rose by 6%. The sheep market showed mixed price trends, with combined sheep and lamb yardings decreasing by 110,783 to 229,193 head. The heavy and light lamb indicators both saw slight increases. Cattle slaughter rose by 22% from the previous week to 125,184 head, while combined sheep and lamb slaughter decreased by 44,849 to 661,128 head.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Cattle The cattle market experienced a general easing across most indicators this week. Yardings decreased by 40,673 to 50,731 head. The heavy steer indicator remained stable at 283¢/kg live weight (lwt), with throughput easing by 484 head to 2,333 head. The dairy cow indicator was the only other cattle indicator to improve this week – rising 6%. The restock yearling heifer indicator dipped by 9¢ to 274¢/kg lwt. Notably, Queensland drove prices, contributing 77% to the indicator. At Dalby, well-bred yearling heifers were in demand, fetching prices 23¢ above the national price. Buyers were more selective about purchases, focusing on quality. Sheep The sheep market witnessed mixed trends in prices this week. Combined sheep and lamb yardings eased by 110,783 to 229,193 head. The heavy lamb indicator saw a slight increase of 2¢ to 651¢/kg carcase weight (cwt). In New South Wales, prices surpassed the national average by 7¢, driven by key saleyards where prices were higher. As prices ...
Source: Mla
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