Wagga sale 26 Oct 2020: Feedlots into action

Leann Dax, 27/10/2020

Yarding 1460 Change -340

The cattle market showed a big lift in price, in a smaller yarding of just 1460. Rain over the weekend contributed to the decline in supply with some areas quite flooded and unable to muster stock.

Much of the dearer trend was evident across secondary lines where rates had been creeping higher over past few weeks.

The heavy rain up north forced more feedlots into action, which lifted rates for medium and light weight steers 10-15c/kg dearer.

Medium weight steers 400-500kg topped at 438c to average 419c/kg. Light weight feed steers were in very short supply selling from 422-443c/kg.

Trade steers were unchanged making from 390c to 425c/kg.

Trade heifers benefited from robust demand from several feedlots which helped lift trade prices 13c/kg. Heifers 400-500kg made from 362-434c/kg.

Heavy heifers 500kg plus were well supplied and exporters keenly contested the better shaped types. Prices jumped 10c making from 340-390c/kg.

The same  pattern developed for well finished steers who enjoyed stronger demand and it was also seen across the bullock category. Prices generally jumped 9-19c/kg. Heavy steers topped at 410c while bullocks sold from 371-384c/kg.

In the cow market there was only 13 cows under 510kg. The rest of the 226 cows were very heavy and well finished.  Heavy cows sold from 294-320c/kg. The few leaner types made from 285-300c/kg.

To read full NLRS report click here



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