March 28, 2011
 

Australian cattle sold at higher prices 

Australian grown cattle were sold at more expensive trends in the majority of markets, with obvious demand from export processors at physical markets.

Rain caused the cancellation of consigned slaughter lots in Queensland and this transferred into the sale yards. The shortage of cattle also resulted in a lift in the hooks rates in Queensland, with heavy grown steers averaging AUD3.35 (US$3.45) in the south, while heavy cows averaged AUD3.12/kg (US$3.21).

Nationally, medium grown steers purchased by feeders averaged AUD0.06 dearer (US$0.06) at AUD2.06/kg (US$2.12). Heavy three score grown steers to processors sold at AUD2.11 (US$2.17), as the four scores lifted AUD0.07 (US$0.07) to AUD2.07/kg (US$2.13). Bullocks experienced rises of AUD0.05 (US$0.05) to AUD0.07 (US$0.07) and averaged at AUD2.04/kg (US$2.10).

All cow grades except some lightweight plainer lines also registered price gains. Medium three scores averaged AUD1.56 (US$1.61), as the heavyweight four scores gained AUD0.02 (US$0.02) to AUD1.70/kg (US$1.75).