Markets

Wagga sale 13 May 2019: Sell off continues despite rain

Leann Dax, May 14, 2019

Yarding 2800 Change – 800

Prices for nearly all categories cheapened at Wagga in a smaller yarding of 2880. Despite rain the on-going sell off continues. Prices cheapened, led by young secondary cattle that have slipped 22-35c/kg.

Supply remains the issue as farmers continue to offload lighter weight steers and heifers ahead of winter. The main run of lighter weight steers sold from 210-290c/kg. The heifer portion at 165-248c/kg.

Despite a supply shortage of well-bred heavy feeder steers 400-500kg prices slipped 19c with the bulk selling from 255-313c/kg.

Lighter weight feed steers failed to attract all buyers resulting in a cheaper trend of 28c making from 250-288c/kg.

Feed heifers sold to fluctuating demand, the one constant trend was for Angus heifers with buyers prepared to bid strongly for well-bred lines.  The sale yard averaged however was 8c/kg lower making from 225c to 280c/kg.

The strength of the day was across medium weight trade heifers, with prices unchanged to slightly dearer for the odd pen. Heifers suitable for the trade made from 230-280c/kg.

Trade steers sold to softer competition with the buying pool reduced in number. Trade steers sold at 266-305c/kg.

There were insufficient numbers of heavy steers and a bullock to quote the average price was 262c/kg.

In the cow market numbers declined to 780 head quality remained average to plain. Heavy cows sold 6c easier making from 198c to 233 with a single European cow recording a top price of 240c/kg.  The middle run of leaner types slipped 7c making 128-197c/kg.

To view full NLRS report click here

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