Markets

Wagga sale 1 Feb 2021: Export cattle jump 25-31c/kg

Leann Dax, 01/02/2021

Yarding 3250  

Wagga cattle market continued its impressive run in a bigger yarding of 3250.

Prices again rallied over all secondary classes after recent heavy rains across the supply area.

Feedlots were the market drivers over 400kg, while restockers took the bidding up to feedlots under 400kg.

The National Livestock Reporting Service said bidding for light weight well bred steers by restockers jumped 50c selling from 486c to 650c/kg.

Heifers returning to the paddock were few making from 464c to 484c/kg.

Medium weight feeders steer prices rallied 10c making from 380c to 467c/kg.  Feeder heifers were keenly sought with the light weights 330-400kg lifting 16c making from 413c to 472c/kg.

The big improver in the market was heavy export cattle with prices jumping 25-31c/kg. Heavy steers made from 362c to 414c to average 393c/kg. Bullocks sold from 375c to 406c averaging 388c/kg.

There are signs though the market is starting to vary as processors become reluctant to take on feedlots. Prices for steers were unchanged making from 380c to 440c/kg. Trade heifers lost 10c with buyers very selective. The better shaped selling from 385c to 445c/kg.

Heavy cows gained 7c making from 290c to 320c/kg. The middle run of leaner types sold at 260c to 301c/kg.

To view full NLRS report click here

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