Things just keep getting better. What a month it has been: we have seen both sheep and cattle reach record highs, especially in the cattle market. With widespread rain over the last month we are seeing the makings of a great season, which is fantastic.
On the sheep side of the market we have seen all markets very strong. We are also noticing a good number of new season suckers coming onto the market that are receiving very strong competition and seeing the best of them make up $160 and $170, but take note with more numbers due to come onto the market these prices will only be sustainable for the best of them. On the trade and export markets we are still seeing prices in the mid to high $6/kg for the better finished lambs. The mutton market is still kicking along very strongly with most grades hovering around the 400c/kg mark.
The cattle market is still going from strength to strength with good feeder cattle attracting record prices with well bred steers reaching up to $4.25c/kg. These prices are bringing some great returns for clients. We are still seeing some good lines of grain fed cattle coming through the yards with grain fed steers making $3.40 to $3.90/kg, and the heifer portion making up to $3.70/kg. The cow market is still very strong with some of the best euro cows making in excess of $2.90/kg, but the majority of the good 3 and 4 score cows are still around the $2.50-$2.80/kg mark.
With spring just around the corner we are starting to see some strong activity from restockers trying to either restock or make use of ample feed. I think during the spring we will see very strong competition for all types of restocker livestock. With all this in mind I think we are in for very interesting times.
For any other information on market trends or marketing options don’t hesitate to call us.
By Adam Chudleigh