Wagga sale 18 Nov 2019: Solid market for trade cattle

Leann Dax, 19/11/2019

Yarding 5740 change -110

It was a solid market at Wagga for trade cattle. Agents yarded 5740 and quality was generally fair to very good, however there was a tail in the offering across lighter weight categories.

In early sales there was weaker demand for secondary yearlings.  The cheaper price trend was aided by fewer feedlot orders. Yearling feeder type steers were well supplied making from 260-318c/kg.

Feeder heifer competition waned slightly and prices dipped 3c for the lighter weight portion to average 268c/kg.  Medium weight heifers to feed on were 6c cheaper selling from 252c to 284c averaging 272c/kg.

Trade cattle sold to mixed price trends with the supplementary fed portion igniting the bidding. Trade steers slipped 3c topping at 315c to average 301c/kg.  The focus then shifted to purchasing well finished yearling heifers which were supplementary fed with buyers pushing prices out to 302c/kg.  The better shaped heifers made from 266c to 288c/kg.

Vealers suitable for the trade were in short supply and prices for odd pen lots were cheaper. The best price vealer was 315c/kg for a pen of four European steer calves. European vealers and their crosses sold slightly cheaper selling from 266c-321c/kg.

Rates for heavy grown steers and bullocks showed how the market is still struggling to find a balance between supply and demand.  Heavy steers 500-600kg attracted all buyers lifting 9c making from 280-327c/kg. Bullock prices sold to weaker competition dipping 15c selling from 300-318c/kg.

The supply of beef cows remained very high, 1450 penned. Despite most buyers attending prices declined 4-9c/kg. The better quality beef cows made from 250- 274c/kg. Leaner grades ranged from 210-262c/kg. The bull market sold to stronger competition and prices surged 24c/kg. Good quality heavy bulls made from 290-335c/kg. Ends….


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