Saturday, April 27, 2024

Taranaki sale 20.9

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A larger than expected yarding of cattle at Taranaki on Wednesday raised concerns that the buyers would not be there to meet the extra number, but this proved unfounded, as a few sunny days added confidence to the market, New Zealand Farmers Livestock agent Stephen Sutton reported. 
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Numbers jumped up to 625 as small lines from a wide area surfaced. Most sections posted strong results, but in particular a quality line up of 2-year cattle had local buyers determined and the market underpinned by Manawatu. Better quality steers all surpassed $3.10/kg, with particular strength for those 400-450kg at $3.23-$3.33/kg. The heifer market followed suit, and 315-440kg consistently traded at $2.90-$3.00/kg, with the odd line selling to $3.07/kg. A consignment of lighter heifers, 260-286kg, returned $3.14/kg, while exceptional lines, 274-335kg, managed $3.25-$3.28/kg.

Premiums of $100 were paid for 1-year Hereford-Friesian steers over Angus-Friesian, with 250-300kg earning $970-$1120, $3.50-$4.00/kg, while Angus-Friesian, 220-280kg, returned $740-$890, $3.20-$3.50/kg. The heifer market sold to expectations, easily selling over $3/kg. Lighter types, 205-240kg, returned $615-$770, and 290-340kg, made $900-$1055, $3.05-$3.10/kg.

The strength did not falter in the boner pens, as two buyers purchasing to farm on added a new dimension, resulting in store market prices. All lines 410-660kg sold over a tight range of $1.90-$1.98/kg.

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