Markets

Wagga sale 16 July 2018: Rates slip on seasonal uncertainty

Leann Dax, 17/07/2018

The volatile market continued this week at Wagga in a bigger offering of 3260.

Prices varied amongst categories with lighter weight secondary cattle bearing the brunt of a price correction.

Bidding for young secondary yearling cattle remained erratic, with feedlots and restockers still unsure of the season.  Rates slipped 20c/kg. Lighter weight feed steers 280-320 were hardest hit selling at 250-286c/kg. Medium weights 400-500kg eased 3c making from  255-309c/kg.

Restocker interest waned on steers and heifers 200-280kg with prices dipping 20-30c/kg. Steers returning to the paddock sold from 167-288c/kg. The heifer portion topped at 230c to average 197c/kg.

In the yearling trade steer market the best price recorded was 315c with sales above 310c/kg rare, only odd lots of supplementary fed stock made this money. The bulk of the steers sold at 308-314c to average 311/kg.

Heifers suitable for the trade lifted 5c with competition stronger over many sales with buyers reliant on fat cover. Trade heifers 400-500kg made from 274-295c/kg. Lighter trade weights fetched from 258-296c/kg.

Vealers numbers declined and, buyers pushed prices in order to secure the odd lots on offer. The limited supplies sold from 288 up to 310c and up to 312c for a single pen of B muscled steers.

Heavy steers 500-600kg sold to weak competition, with only Angus steers keeping a floor in rates. The bulk of the steers sold from at 238-296c dipping 26c/kg. In the bullock grain fed steers helped stabilise rates with prices generally unchanged. Prime finished bullocks sold from 274-306c/kg. Ends….

Agents offered just over 850 cows in a fairly mixed quality offering. The main run of heavy beef cows lifted 10c recording a top price of 262c to average 246c/kg.  Leaner types sold at 168-234c/kg. Ends

 

 

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