At the time of the interim release at 10:45am Queensland time, the QCMI was sitting at 195.9 points, down on last week’s value of 199.3. Widespread rain across much of the state has reduced the supply of cattle coming forward for competition.

However the QCMI is still at similar values compared with this time last year. At the beginning of February 2011, the QCMI sat at 198.2.

NLRS reported there was light rain in the local Dalby area, however flooding in the western districts reduced numbers by 42pecent, yarding a total of 2393 cattle.

A fair panel of buyers were present and most were operating. Values for young cattle experienced a mixed trend with a small selection of slaughter lines improving, while heavy yearlings to feed lost up to 10c/kg. Heavy steers and bullocks to export slaughter gained 2c against the much cheaper sale last week. Cows also sold around 5c-8c dearer.

Medium weight yearling steers to feeders averaged 208c after making 233.2c. Heavy weights sold closer to 189c. Medium weight yearling heifers to feeders sold around 214c.

Most medium weight grown steers were secured by feeders around 184c. NLRS reported only a few heavy steers have been offered at this time with most making from 175c-185c. Bullocks in fair numbers sold to 191c, to average 184c.

Medium weight D3 cows gained 5c to average 144c, as the D4s made to 163.2c to sell closer to 155c. Heavy cows reached 168.2c, with the D4s 8c dearer at 162c. Heavy bulls made to 170c.