The mart trade remains lively, with sale entries continuing to benefit from lower throughput while buyers were denied access to mart ringsides and now running ahead of normal for the time of year. Demand for cattle has also been boosted by recent rainfall supporting a recovery in grass growth in areas worst-affected by soil moisture deficits.
This is encouraging more buyers back into the market, with greater activity at the ringside and on online bidding platforms. This is helping to keep a strong floor under prices at a time of the year when the trade would also traditionally have eased. This typically resulted from buyers willing to pay less on average for cattle presented that had already achieved a good thrive off grass.