January 29, 2013
Shocking weather plaguing the State’s central and southern coastal districts is causing a tense wait for cattle markets before trading resumes after the Australia Day long weekend. With rain still falling in some parts of the State and the moisture band from ex-tropical cyclone Oswald now intensifying over NSW, critical transport links are likely to remain disrupted for days as flooding continues from the downpour. After two full trading weeks into 2013, the national cattle market is reflecting the unsettled conditions on the east coast. According to the National Livestock Reporting Service, last week national cattle markets finished the week mixed, with trade steers (307c/kg cwt) and medium steers (297c/kg cwt) lower on the previous week, while heavy steers averaged 5c higher, at 304c/kg cwt. Feeder steers were steady on the previous week at 168c/kg cwt. The deluge from ex-tropical cyclone Oswald recorded over northern, central and southern Queensland in recent days has fallen mostly in districts nearer to the coast. According to radar images, the falls have made few inroads throughout the central and western interior, which remains stubbornly dry and hot.