Cattle update - April 2022 - Elders Rural Services

Cattle update – April 2022

At a glance

  • Trade and medium steer prices remain firm, finding support early in April as numbers tighten.
  • Cold fronts to begin from 18 April across most of the country with widespread rain expected.

Market fundamentals

National trade steer prices found support in late March and early April, up 27 per cent (pc) YoY compared to 2021.

Average price currently sits 105 c/kg lwt above the two-year average. Supply has tightened in southern Australia keeping prices firm.

At state level, trade steer prices were relatively stable compared to last month. Victoria recorded a decline of 6 pc compared to last month but that was the largest variance, with other states recording low single digit movements.

March was a busy month for stud stock sales across the country. Read about notable stud stock sales check in our latest Stud Stock update.

The Elders Weather outlook forecasts multiple cold fronts across southern and eastern Australia from 18 to 22 April and 4 to 8 May. The cold fronts are expected to bring widespread rain. In Western Australia (WA), the strongest cold fronts will start from 15 to 19 April and again from 4 to 8 May.

National trade steer prices found support early in April.
National trade steer prices found support early in April.

From the field

South Australia

“With the exception of some significant rains across parts of the west coast over the past month, the mid north of South Australia remains quite dry as is expected this time of the year, whilst the north west, (in particular) and north east pastoral areas (to a lesser extent) are generally coping nicely on the back of the significant summer rains.

“While the cattle market remains strong across all parts of the state, with the exception of slight weekly fluctuations, sale numbers are particularly low out of the northern pastoral areas whilet clients capitalise on the feed generated from the abundant summer rains.” – Damien Webb, Elders Livestock Manager, northern South Australia.

“Rainfall has been hit and miss as you tour the south of the state with some areas through the upper to mid away and others not, with the lower portion of the state looking to have had a genuine break.

“The cattle market remains firm to stronger with less numbers available and strong demand from graziers, feeders and processors generating confidence for sellers as we venture through autumn and winter.”

“A few bull sales remain, with prices over all breeds continuing to remain high. Improvement on average price and overall clearances have been a feature of 2022 compared to the previous year.” – Laryn Gogel, Elders Livestock Manager, southern South Australia.

Market indicators

Table showing trade steers and medium steer prices over time.
Table showing trade steers and medium steer prices over time.

Note: States without sufficient data for the current month or without data for a specific stock category will not appear in the table.

Sources: Price data reproduced courtesy of Meat & Livestock Australia Limited.

The information contained in this article is given for the purpose of providing general information only, and while Elders has exercised reasonable care, skill and diligence in its preparation, many factors (including environmental and seasonal) can impact its accuracy and currency. Accordingly, the information should not be relied upon under any circumstances and Elders assumes no liability for any loss consequently suffered. If you would like to speak to someone for tailored advice relating to any of the matters referred to in this article, please contact Elders.

End of financial year is fast approaching. Elders has a range of options to help you capitalise on what for many, has been a great year.

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