While some traders are down to their winter stocking rates there are still good numbers of buyers looking which would normally keep the market for older cattle active. However the favourable season is working against them. This is because most of the older cattle have come through the summer and autumn period in a lot better condition than previous years. The added weight and condition means many of these cattle will head straight to the works if they haven’t already rather than through the store sales. This is limiting buyers options right now. The fact that most regions still have good feed levels is also delaying or preventing cattle from showing up in the store markets. The market should get a good test this week with yardings lifting at a number of sale centres.
Market Brief by iFarm.co.nz
iFarm the leading source of agri-market prices, information and analysis for NZ farmers. Receive benchmark prices for the works, store and saleyard markets delivered direct to your inbox. Visit www.ifarm.co.nz or call 0508 873 283.
