Market Morsel: Northern cattle flowing
Weekly cattle saleyard throughput in Queensland lifted 53% for the week ending on 18th February to see 19,328 head reported offered. This brings the weekly yarding levels back above the five-year average levels for this week in the season by around 4%.
However, the above average weekly flows up north aren’t replicated in the broader east coast cattle throughput numbers with the mainland eastern seaboard states recording just 45,223 head for the week. While this is a 22% gain on the prior week the volumes are still 18% under the five-year seasonal average pattern.
NSW and Victoria are dragging the chain, when it comes to cattle throughput levels. The week ending 18th February saw 16,847 cattle at NSW saleyards, up nearly 16% on the previous week’s volumes but 28% under the five-year average levels for this week in the year.
Victorian cattle yarding actually registered a decline in saleyard volumes, down 4% on the week prior, to see 6,976 head offered. Victorian weekly cattle throughput is currently sitting 32% under the five-year average trend.