Subscribe to The Weekly e-newsletter
For in-depth red meat market news, information and analysis.
Cattle grids jump across the eastern states again
21 June 2016
Widespread showers across major producing regions, resulting in tighter supplies, have seen over-the-hook cattle indicators (OTH) move higher again this week – with some contributors lifting quotes upwards of 20¢/kg cwt week-on-week, for the second week in a row.
Processor demand strengthened across the eastern states, with reports suggesting well-conditioned cattle across all categories are eagerly sought after. As a result, OTH indicators in Queensland, NSW and Victoria increased considerably, particularly for grown cattle and cows.
In Queensland;
- Heavy yearling steers (300-320kg, A-C muscle) averaged 559¢, up 17¢/kg cwt
- Heavy MSA yearling steers (300-320, A-C muscle) averaged 571¢, up 18¢/kg cwt
- Medium grown steers (260-280, 0-4 tooth) averaged 544¢, up 17¢/kg cwt
- Heavy 70-day grainfed (300-320kg, A-C muscle) averaged 561¢, up 21¢/kg cwt
- The highest cow indicator (300-400kg, A-D muscle) averaged 509¢, up 17¢/kg cwt
In NSW;
- Heavy yearling steers averaged 567¢, up 19¢/kg cwt
- Heavy MSA yearling steers averaged 578¢, up 14¢/kg cwt
- Medium grown steers averaged 550¢, up 20¢/kg cwt
- The highest cow indicator reached 495¢, up 20¢/kg cwt
In Victoria;
- Heavy yearling steers averaged 564¢, up 18¢/kg cwt
- Medium grown steers averaged 556¢, up 18¢/kg cwt
- The highest cow indicator averaged 471¢kg cwt
Last week, adult cattle slaughter in Queensland was just over 72,000 head – steady on the week prior. In NSW and Victoria, however, adult cattle slaughter declined 22% and 18% week-on-week, to just shy of 25,500 head and 20,100 head, respectively.
To view the latest OTH indicator reports, click here:
