Report Date: Tuesday, 21 November 2023
Ian's Sale Report 21st November 2023
235 head were on offer this week at the Mareeba Combine Agents sale.
The quality was mixed however there were some very good store cattle on offer, as well as a few pens of reasonably covered cows suitable to kill.
The buyer panel this week included one meatworks operator, competition from live export buyers who were chasing the feeder weight cattle, and also a few of the local producers chasing Braham heifers.
In the fat market, cows got to a top of 132cents/kg, for animals with reasonable cover, suitable to kill.
This is up around 20-25cents/kg on last week.
The limited numbers on offer does make it difficult to compare prices week to week. In the bulls, we saw good competition for animals in the export spec weight range, with prices getting to 228cent/kg. There was a run of quality crossbred mickys from the North, these got to 86cents/kg.
In the store market, we saw strong competition for anything in the export spec range also.
The tops of the feeder steers got to 230cents/kg, to average 200cents/kg.
Brahman quality mickys, also within export spec, made 212cents/kg, to average 113cents/kg. In the heifers, we saw an increase in prices for quality heifers. Top prices got to 158cents/kg, to average 150cents/kg.
We saw price increases of between 20-25cents/kg across all lines this week.
This was due to stronger competition on the cows and export spec cattle.
Prices for feeder weight cattle are increasing in Southern markets as demand increases.
This price increase is expected to flow up to local markets over the coming weeks, helped along by the good rainfall being received in Central Queensland.