From Winton, Western Queensland, this line of 312 Charbray and Charolais x steers 14-28 months averaging 419kg returned $2160/head – $360 over the reserve.
Excluding the historically low first January sales seen each year, this week’s AuctionsPlus cattle offering of just 5153 head was the lowest seen in at least two and a half years (see graph below).
The same trend is apparent in sheep and lamb online sales this week, where offerings fell to 19-month lows.
Market fundamentals came to the fore in the online cattle market this week, as the dramatic reduction in supplies spurred…
