Angus Steer Sales Surge in Queensland; Cattle Move to New South Wales
What happened
Cattle listings on AuctionsPLus surged 47 percent to 18,054 head following recent rain. Steers were offered at 6,749 head and cleared at 88 percent. One line of Angus steers from Thargomindah, Queensland, returned $2,250/head and is scheduled to travel to a buyer in Tamworth, New South Wales.
From beefcentral.com
Why it matters
The market absorbed the extra volume with ease, achieving a clearance rate of 89 percent. While the average value over reserve eased $6 to $147/head, well-supported young cattle categories showed price rises in c/kg terms, with the 330-400kg line clearing at $2,197/head.
Cattle vendors are operating across states, with commentary noting Angus bull sales in South Australia and Queensland.
From beefcentral.com
Who's involved
- AngusThe Angus breed is the subject of the sales and transport activity.
- QueenslandQueensland is the origin state for the cattle listings and the Angus steers.
- New South WalesNew South Wales is the destination state for the transported Angus steers.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New South WalesSpeculative
New South Wales could see increased supply and trade volume due to the flow of cattle from Queensland.
Keep exploring
The entities involved
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Angus
Nothing else this week.
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Queensland
state of Australia