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 Young cattle prices decline further 

Young cattle prices decline further

18 Apr, 2008 04:08 PM
Young cattle prices have suffered further falls this week, with quality a major influence.

Meat and Livestock Australia reports that the majority of the supply areas remain dry and as the weather starts to cool down, many young cattle are starting to lose their bloom.

MLA's National Livestock Reporting Service recorded a 9pc decrease in the number of young cattle supplied compared to last week.

MLA says another factor affecting supply and prices is the upcoming short trading week, due to the Anzac Day long weekend.

Competition has started to wane, with many lot feeders filling orders from the paddock, while processors are becoming more selective, due to the quality available.

Vealer steers were cheaper across all categories, with lightweights cheaper by 7¢/kg, while medium and heavy weights were less affected, but still slipped 1-3¢/kg.

Vealer heifers on the other hand registered a mixed trend, as lightweights were dearer, while heavyweights were cheaper.

Lightweight vealer heifers lifted 4¢/kg to average 150¢/kg, while the heavyweight's lost 4¢/kg to 164¢/kg.

Yearlings suffered a similar cheaper trend, with the exception of heavyweight yearling steers.

The majority of categories lost 1-4¢/kg.

The national yearling steer indicator fell 2¢/kg on last week to be 170¢/kg.

The eastern states young cattle indicator (EYCI) highlights this cheaper trend, as it fell 4.75¢/kg on last week, to be 314.5¢/kg (dressed) at the completion of Thursday's sales.

SOURCE: MLA.

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Please let us know which supermarkets are stocking this poorer quality, cheaper beef, as the consumer should be paying considerably less for it.
Posted by Julie, 21/04/2008 9:58:32 AM

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