Gunnedah Cattle Report

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Report Date: 28th November 2023

Total Yarding: 2700

Commentary

The numbers increased by 2000 head despite the widespread rainfall. There was an influx of young cattle and a large run of supplementary fed yearlings. The young cattle presented in store to well finished condition with the quality generally good. There was an increased supply of well finished heavy weight grown cattle while well finished cow numbers were down. Plainer condition cows well supplied. Most of the regular processors were in attendance however there was reduced domestic trade competition on heavy cattle. There was a strong feedlot and restocker presence.

High demand from restocker and feedlot interests resulted in dearer trends through all classes of young cattle. Strong restocker demand saw the light weight yearling post the strongest gains. The high restocker demand carried into the heavier weights while feedlot interests showed a preference for heavier weights regardless of breed. Yearlings heifers were keenly sought by both restockers and feedlots with the ability to buy a straight line of cattle and attraction. The moderately muscled heifers in straight lines met strong competition.

Well finished heavy weight grown steers including yearlings over 480kg sold to a significantly dearer trend, upwards of 50c/kg in places with quality a contributing factor. The well finished grown heifers also sold to dearer trends with improvements of as much as 29c/kg. A dearer cow market with the plainer condition cows posting significant improvement while the heavy weight 3 and 4 scores were as much 18c dearer. Heavy bulls also sold to a much dearer trend.