Wagga sale 11 Dec 2017: Prices ease as numbers double

Leann Dax, 12/12/2017

Numbers doubled at wagga with agents yarding 4,800. The surge in supply resulted in lower prices across most categories.

Prices averages for trade steers were affected by weaker demand from southern processors. Yearling steers sold from 252-300c to average 297c/kg. Yearling heifer suitable for the trade was 8c cheaper making 248c-288c/kg. Plainer shaped heifers mostly sold into manufacturing grades.

The mixed quality supply of vealers sold 8c, cheaper, with the better finished vealers fetching 280-314c/kg.

The feeder market lacked competition at times from major feedlots, which resulted in a cheaper trend of 4c/kg. Well-bred steers 400-500kg made from 265-310c while the lighter weights sold from 275c-318c to average 304c/kg.

It was more of the same for the heifer portion, with less feedlots operating. Heifers 330-400kg sold 9c lower to average 280c/kg

Restocker demand had the greatest influence on lighter weight secondary cattle. The market benefited from a depth of orders and increased producer confidence. Steers 200-280kg topped at 400c to average 356c or $871 per head

Grown steers and bullocks prices again fluctuated due to weaker demand from processors and feedlots. Bullocks were back 2c while grown steers 500-600kg firmed as the sale progressed selling from 248-280c/kg.

In a bigger line up of cows and the inclusion of an extra processor the market still lost momentum. Heavy cow rates dropped 9c to average 225c/kg. Leaner grades lost 13c making 210-229c/kg. Ends……




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