Cattle offerings dropped 12% last week, but prices surged due to strong buyer demand.

Cattle offerings on AuctionsPlus fell 12% last week, with 11,983 head offered, but prices rose due to strong restocker demand. Steers weighing 280-330 kg saw the biggest gains, averaging $1,378, up $81. In the sheep market, crossbred lambs and joined ewes led price increases, with the AuctionsPlus restocker lamb indicator reaching 900c/kg DW. Local sales in Sarina saw strong prices, with steers selling for $250-$1700 a head.