Markets

Wagga sale 16 Mar 2020: Rain fuels further rises

Leann Dax, 17/03/2020

Yarding 4800 Change 820

MORE rain across the supply area helped motivate restockers and lot feeders over most categories.

Quality was mostly mixed with the bulk of the yarding secondary types.

A large group of feedlot buyers were present and operating over all categories.

Heavy steer and bullock numbers declined, and prices continued their remarkable run.

Cow numbers eased marginally to just over 1,080.

Prices were up for domestic processor heifers to average 356c/kg. Trade steer price trends were distorted due to the lack of numbers. Trade steers made from 364c to 386c/kg.

There was good numbers of well bred light weight weaner steers and heifers which resulted in restockers, commission buyers and agents all eager for a market share. Weaner heifers, 200-280kg, gained 8c making from 376c to 480c/kg. Despite a large field of restockers prices came off the boil due in part to less buying competition from the north. Light weight steers, 200-280kg, recorded a top price of 545c/kg.

A big buying group operated in the feeder steer market. Quality lines intensified bidding for lighter weight steers to average 406c/kg. Light weight feed heifers attracted a large field of buyers. Prices spiked 7c to average 378c/kg. Grown steers met strong competition from southern processors and a major domestic buyer which lifted prices by 11c to average 375c/kg. Bullocks were in short supply and quality was only fair. Bullocks made from 322c to 372c/kg.

Heavy cows sold to strong major domestic supermarket competition with prices unchanged to 7c/kg easier. The D2 and D3 cows ignited the bidding due strong supermarket competition. Prices held firm to 12c/kg dearer. The bulk of the D2 and D3 types sold from 245c to 269c/kg.

To view full NLRS sale report click here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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