Markets

Wagga sale 19 Oct 2020: Prices gain momentum

Leann Dax, 20/10/2020

Yarding 2560 Change 560

Cattle prices at Wagga have continued to gain momentum on the back of spring rain and tightening supplies.

Prices improved 4-14c and the bigger lifts were for trade and feeder heifers. Quality was once again very good with most young cattle in 2 and 3 score condition.

Steers to turnout 280-330kg made from 392-480c/kg, while the heifer portion topped at 505c/kg due to strong demand for replacement heifers.

Last week’s dearer rates drew out some excellent quality trade steers, with prices 14c dearer to average 410c/kg. Trade heifers jumped 14c benefited by strong feedlot competition. Prices ranged from 370-394c/kg.

Following the trend upwards was  for medium  feeder steers with rates 1-3c/kg higher. Feed steers 400-500kg sold from 380-424c/kg. Lighter weight feed steers 330-400kg topped at 425c/kg.

Feed heifers met with extra buying competition, resulting in a dearer trend of 12c/kg. Lighter feed heifers 330-400kg  made from 386c to 430c/kg.

Price  and the unbelievable spring conditions is now drawing out some outstanding heifers weighting more than 530kg. Rates jumped 20c with the better shaped young heifers selling from 340-374c/kg.

Heavy steers 500-600kg sold to solid demand from southern and northern processors.  The general trend was firm to a few cents dearer in places to average 367c/kg. There was a good quality run of  bullocks however not all processors operated. Prices improved 2c making from 365-384c/kg.

In the cow run tight bidding for the best heavy cows resulted in a spread of just 305-318c/kg. Over conditioned cows sold at 292-314c/kg.click here

To read full NLRS report 

 

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