NVLX market Report
All data provided by
Report Date: 28th November 2023
Total Yarding: 1,790
Commentary
A surge in numbers to 1790 has been coupled with a discernible improvement in the quality of stock. Queensland feeder buyers have emerged as frontrunners, igniting spirited bidding for heavy, well-bred steers and leading to a top price of 290c/kg. Notably, medium-weight feed steers experienced a substantial jump of 45c, reaching an impressive 277c/kg.
The domestic processing sector demonstrated keen interest in acquiring trade cattle, leading them to competitively engage with feedlots for yearlings. Trade steers and heifers faced strong competition,realising a 15c to 35c increase in prices, ranging from 210c to 278c/kg. Veal experienced heightened competition, resulting in a noteworthy 15c/kg upward shift.
Bullocks and heavy steers saw a significant uptick of 20c, with competition escalating as the sale progressed. Prices for these categories ranged from 230c to 255c/kg. Cows also followed an upward trend, selling 10c to 20c dearer. Heavy cows commanded prices ranging from 200c to 232c/kg, while bulls reached a peak at 242c/kg. Overall, the market displayed positive momentum across various categories indicative of robust trading activity and favorable price movements.
