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Mount Compass Market Report 25 July 2018

Mount Compass Market Report 25 July 2018

Mount Compass Market Report

Yarding: 774

There was a yarding of very good quality cattle offered by agents.
All of the usual buyers were in attendance and bidding was strong with values exceeding last week’s sale.
Export cattle were in demand and local as well as interstate processors bid strongly to secure numbers.
Heavyweight bulls were scarce and sold from 195c to 215c/kg, lightweights sold to similar demand and returned 200c to 260c.
Cow numbers were similar to last week and heavyweight beef breed cows lifted 5c, they sold from 195c to 235c, lightweights sold from 120 to 195c and dairy bred cows returned vendors up to 195/kg.
Heavyweight steers and bullocks were scarce and export demand was strong, prices lifted and they sold from 250 to 295c. Grown heifers remained firm at best and sold from 209 to 249c.
Few vealers were yarded, trade buyers were very keen to secure any prime lots, bidding was brisk, prices lifted on strong recent sales and vendors were rewarded with prices from 287 to 341c for steers and 277 to 319c for heifers.
Prime yearlings were more plentiful, trade and processor buyers were keen to source these and prices lifted. Steers sold from 280 to 323c and heifers returned 225 to 289c.
A good run of, generally well bred, store condition, lightweight cattle sold to very strong bidding from feeders and restockers dearer rates. Two major processors were the major buyers, they sourced cattle to go in to feed lots and there was some local restocker interest on lightweight cattle to feed on in the paddock.
Steers to feeders and restockers sold from 279c to 329c/kg and the equivalent heifers returned 207 to 283c/kg lwt.

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