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Why it’s a bull market

28/08/2008 6:41:00 PM
News on the prime markets continues to be positive.

With the slowdown in our $A and our extended customers such as Russia, Chile and South East Asia coming on board for manufacturing beef, processors have once again lifted over-the-hook prices for cows and bulls.

In fact there has been a significant upward move in the bull market, too, with southern Qld works quoting 305c/kg for bulls.

This compares with a top of 270-275c/kg for bulls a week or two back.

Also cows experienced another lift of 10c/kg, with best heavy cows making 315c/kg.

This market upturn comes after months of further drought impact and a dip in prices, when the $A dollar was US98c to the greenback.

This is certainly good news for our producers, and would give our processors some relief.

Grassfed steers are steady at 335c/kg for four tooth and 360/kg for milk and two-tooth grassfed steers.

As we said last week, EU steers are still the highlight at 400c dressed.

There is also a move with 100-day grainfed cattle, with numbers put into feed at the start of this period, before any worthwhile break in the season, now hitting the market.

Steers are now quoted at 385c/kg dressed.

At prime cattle sales on Monday, Landmark Toowoomba penned 529 cattle and Elders yarded 445 head.

At the Landmark sale, export cattle met a strong market, with steers selling to 188c/kg lw, to average 184c/kg, while heavy cows sold from 150c/kg to 164c/kg, to average 153c.

At Elders, there was a strong feeder and restocker demand for young cattle.

Calves to restockers averaged 211c/kg and vealer steers to feed made 197c/kg.

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Date: Newest first | Oldest first
I hope these prices feed through to WA or there won't be a beef industry in lower WA.

All the producers are leasing beef country to timber companies because they pay loads more dollars.

If I got eastern states' prices, I'd be amazed.

Those sprice are unheard of in WA abatoirs and supermarkets like WA beef producers to be kept to peasants' existance.

Posted by shaun on 28/08/2008 3:50:27 PM
pure limousins were 237c/kg on tuesday at moreton sale yards.
Posted by tr on 29/08/2008 10:20:03 AM
I've just been offered $1.25/kg lw for some 280kg heifers in WA. Two years ago we received $1.70/kg for similar cattle.. RIP WA cattle industry!!
Posted by Tagga on 29/08/2008 2:26:35 PM

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