Markets

Wagga sale 22 June 2020: Prices fire up for rain-shortened supply

Leann Dax, June 23, 2020

Yarding 2040 Change -1520

Numbers fell significantly after general rains across the supply area.

The reduction in supply meant prices fired up significantly.

Driving the market was strong feedlot and domestic processor competition for young yearling steers and heifers.

The pick of the vealers jumped 20c making from 390-453c/kg. Some pens of grain assisted yearling steers that were well shaped offering domestic buyers plenty of yield made to 454c, pushing prices 35c dearer to average a whooping 439c/kg. The heifer portion sold to strong demand from major domestic processors Coles. The top sales ranged from 400-424c and the bulk of the heifers averaged 408c/kg.

The main run of feeder steers weighing 330-400kg sold to 430c and averaged 419c/kg  a gain 10c/kg. Heavier feed steers 400-500kg sold 5c dearer making from 382c to 432c/kg.

Feeder heifers sold to all the usual buyers and competition was very solid with buyers paying premium prices for the Angus portion. Feed heifers sold from 360-408c gaining 6c/kg.

Heavy steers and bullocks were in short supply with bullocks holding their value while heavy steers sold 3c dearer. Heavy steers 500-600kg made from 310-415c/kg.

The cow market sold to erratic prices trends as buyers struggled to find a winter base rate. Generally, all cows sold 5c cheaper. Heavy cows sold from 290-315c/kg. Middle run of leaner types sold at 283-296c/kg. Store cows sold from 2802-382c/kg

To read full NLRS report click here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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