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Wagga sale 11 Sep 2017: Feeder steer rates slip 10-20c

by Leann Dax, 12 September 2017

The unpredictable market continued this week at Wagga in a smaller offering of 3640.

Prices varied amongst categories with secondary cattle bearing the brunt of a price correction.

Bidding for young secondary yearling cattle remained erratic, with feedlots still unsure of the season and overseas markets. Feeder steer price direct to feedlots dropped 20c over the weekend which was reflected in the market. Rates slipped 10-22c/kg. Lighter weight feed steers 330-440 were hardest hit selling at 255-310c/kg. Medium weights sold at 233-301c/kg.

In the yearling trade steer market the best price recorded was 298c with sales above 290c rare, with only odd lots of supplementary fed stock making this money. The bulk of the steers sold at 268-298c to average 287/kg.

Heifers suitable for the trade dipped 8c with competition fading over many sales. Trade heifers 400-500kg made from 235-285c/kg. Lighter trade weights fetched from 240-276c/kg.

Vealers numbers lifted however, buyers weren’t prepared to contest well finished veal causing prices to slip 10-15c/kg . The limited supplies sold from 269 up to 310c and up to 320c for a single pen of lighter weight B muscled heifers.

Heavy steers 500-600kg sold to lack lustre competition, with only Angus steers keeping a floor in rates. The bulk of the steers sold from at 256-288c/kg. In the bullock run JBS Longford Tasmania, helped stabilise rates until a load was filled but generally prices slipped 10c to average 274c/kg.

Agents mustered 610 cows in a fairly good quality offering. The main run of heavy beef cows were unchanged recording a top price of 252c to average 239c/kg. Leaner types sold at 186-242c/kg. Ends



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