Online cattle listings on AuctionsPlus totalled 12,693 head last week – down 15 percent on the week before, with most young cattle categories recording more red ink.
The broader cattle market continues to experience challenging trading conditions with high supply of slaughter-ready cattle and a lack of restocker demand placing downward pressure on prices. This was evident in value over reserve in online trading slipping $43 to average $60/head and clearance…