Markets

Wagga sale 12 Oct 2020: Rainfall resparks momentum

Leann Dax, October 13, 2020

Yarding 2560 Change 560

After last week’s public holiday for the Labour day in NSW, cattle prices at Wagga have continued to gain momentum on the back of rainfall across the supply area. Prices spikes of 17c were recorded for young weaner cattle, with restockers chasing the market across all categories under 400kg.

Steers to turnout 330-400kg made from  410-493c/kg, while the heifer portion topped at 416c/kg due to the limited number.

Last week’s dearer rates drew out some excellent quality trade steers and vendors weren’t disappointed with prices 3c dearer to average 402c/kg. Trade heifers fell 14c with Coles supermarket not in attendance. Prices ranged from 345-420c/kg.

Following the trend upwards was medium  feeder steers with rates 13c/kg higher. Feed steers 400-500kg sold from 386-421c/kg. lighter weight feed steers 330-400kg topped at 435c/kg.

Feed heifers were unchanged selling at 368-418c/kg.

Price and the exceptional season is now drawing out some outstanding heifers weighing more than 530kg. The better shaped young heifers selling from 350-380c/kg.

Heavy steers 500-600kg gained 1c with stronger feedlot competition helping contribute to the dearer trend, the bulk averaged 371c/kg. There were good numbers of bullocks and they sold at 350-376c/kg.

In the cow run tight bidding for the best heavy cows resulted in a spread of just 298-315 which resulted in a dearer trend of 9c/kg. Leaner grades were to few to quote selling at 275-312c/kg.

To read full NLRS report click here

 

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