Markets

Wagga sale 14 May 2018: Feedlots chase number into winter

Leann Dax, 15/05/2018

Prices for young cattle at Wagga have lifted again as feedlots chase numbers heading into winter and after producers receive much needed rain. Adding to the mix cattle numbers almost halved, with just over 3,100 offered.

Excellent results were recorded for yearling steers to feed on with rates 14-15ckg dearer. Steers 400-500kg regularly sold from 265-306c/kg. Meanwhile it was more of the same for the heifer’s portion. There were more orders at the market along with a sense of urgency from some buyers. Well-bred heifers both light and medium weights sold from 255-283c/kg.

Reduced supplies of trade cattle and buoyant demand from feedlots drove rates 9-12c dearer. Trade steers sold from 286-300c, while the heifer portion suitable to slaughter made from 255-280c/kg.

Vealers were in short supply and choice calves to kill were in short supply. The better finished types sold at 266-304c/kg. Light weight

Light weight store steers and heifers were again well supplied. There was more restocker activity and prices were 10-20c dearer. Steers 200-280kg averaged $696 while store heifers sold from 210-245c/kg.

The seasonal shortage of Heavy grown steers and bullocks helped cement a floor in rates. Heavy steers eased 4c which was quality related while the bullocked portion surged ahead 13c making from 255-286c/kg.

Cow numbers declined but prices increased over a very mixed quality offering. Heavy cows sold from 184-212c to average 201c/kg. Leaner grades lifted 7c making from 144c -178c/kg.

 

 

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