Multiple markets sees Yea demand lighten

Fewer buyers and prices fell at Yea


Markets
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Three markets on one day was too much for Yea, and prices were cheaper.

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Elders Yea manager Ryan Sargeant sent a client's cattle to the Pakenham sale on Thursday, and was very glad he did.

Mr Sargeant said prices at Yea were $100-$120 a head cheaper the very next day.

This was not a reflection of the quality of the Yea market, he said, as all three markets held on Friday sold to divided competition, and weaker demand.

On top of these three sales, there were large store markets in northern New South Wales on Thursday and Friday, which compounded demand.

It was not all doom and gloom though, as most vendors at Yea were happy to see their cattle heading to another location.

The hill country around Yea is exceptionally short on grass, and the lower paddocks are not much better.

Having said this, there was still some good quality penned, the best being some three year-old Hereford bullocks, offered by Mick Coonan, Yea.

Mr Coonan's top pen sold to a bullock fattener for $1645, who only needs to add another 50-100 kilograms liveweight before selling them.

Tyson Bush, Rodwells Yea, said there were a lot of spring-drop calves in the sale, which totaled around 1285 head.

"Most of the yearling steers sold between $1000-$1150, with the bottom end weighing from 360kg and over," Mr Bush said.

"This equated to liveweight prices ranging between 230-245 cents a kilogram liveweight."

Some of the price reduction was due to some of the regular buyers being at one of the other Friday markets, or not needing any cattle at all.

Selling to better competition were the weaned steers, which weighed over 240kg lwt.

Prices here equaled 260-270c/kg for numerous sales.

Prices at the top end of these steers were from $700-$950.

Where this market did get tough was for the spring-drop calves, both steers and heifers, that were in plain condition, and of light weight.

Most of these young steer calves sold from $550-$750, which created a liveweight price range estimated to be from 190-220c/kg.

Feedlot competition aided some reasonable prices for yearling heifers, which sold between $850-$1050.

Younger heifers sold between $420-$600, which equaled 190-220c/kg lwt.

Because of the very poor season, sales of young heifer calves, most in plain condition, ranged from just $50-$300.

While this seemed terrible, it was in line with other recent sales.

A very small selection of Angus cows and calves sold to $1490.

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