"It's a buyer's market."
That was the assessment of Rodwells Wodonga auctioneer Scott Campbell after Euroa's annual January weaner sale.
Nutrien, Elders and Rodwells yarded 1672 head of weaners, largely steers, which both Mr Campbell and Nutrien Ag Solutions agent Russell Mawson, Euroa, said were in excellent condition.
"We had the blue ribbon sales up home a week or so ago, and there were a few pens of steers up over 500 cents a kilogram in the EU run, but there has certainly been a correction this week," Mr Campbell said.
"It's certainly a buyer's market at the moment."
He said there were "Euro calves [at Euroa] with a heap of frame".
"You'd have to think there would be money in buying those calves to put them on feed for the winter trade for Coles and Woollies," he said.
Most steers at Euroa sold for between 420-480c/kg.
Queensland feedlotter Mort and Co was active on the restocker cattle, while Charlton also picked up cattle, as did Albury, NSW, commission buyer Duncan Brown.
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Local agents and Goulburn Valley buyers also bought cattle.
"It was a reality check, given the feedlotters are finding it very difficult to move their meat," Mr Mawson said.
"It's a correction, but the amount of feed from here to Queensland is unbelievable - if you have a paddock of feed, I think there is opportunity, particularly for females.
"There are numbers of cattle to get rid of in the next two months, but I am sure once those numbers go we will be looking at great opportunities straight after that."
R. G. Love, Jumbuck Park, Violet Town, sold 24 Banquet-blood steers, 411kg, for $1970 a head or 418c/kg.
Glendower, Sheans Creek, sold 11 Connemara-blood steers, 442kg, for $1900 or 429c/kg.
Randall Smith sold 11 Connemara-blood steers, 400kg, for $1750 or 437c/kg.
Jippo Angus, Ruffy, sold 42 Connemara-blood steers, 379kg, for $1700 or 448c/kg.
Clifton Park sold 37 Connemara-blood steers, 379kg, for $1690 or 445c/kg.
The Springs, Beveridge, sold 17 Newnham-blood steers, 399kg, for $1690 or 423c/kg.
G and L Johnson, Springfields, sold 13 Connemara-blood steers, 409kg, for $1770 or 432c/kg.
H and A Cocking, sold 22 Black Magic-blood steers, 379kg, for $1735 or 457c/kg.
Glendower sold 14 heifers, 349kg, for $1480 or 424c/kg.
Lurg Estate sold 15 Tabletop-blood heifers, 337kg, for $1440 or 427c/kg.
Clifton Park sold 24 heifers, 336kg, for $1460 or 434c/kg.
Newblax sold 15 heifers, 332kg, for $1460 or 439c/kg.