Markets

Wagga sale 17 June 2019: Market lifts in 3680 head yarding

Leann Dax, 18/06/2019

Yarding 3680 Change 500

Rain across the supply area buoyed the cattle market at Wagga in a bigger yarding of 3680.

Nearly all classes of stock were quoted dearer by the National Livestock Reporting service (NLRS) thanks to a mix of stronger processor, restocker and feedlot demand combined with excellent lines of well-bred Angus steers and heifers.

Tightening supplies of trade cattle impacted the market with most types of yearling heifers showing dearer trends. Medium weight trade heifers jumped 5c fetching 260c to 299c/kg. Trade steers to the trade were few, with feedlots dominating well-bred pens. Domestic processors pushed rates a few cents higher for the top steers with the bulk selling at 292-325c/kg.

There wasn’t a lot of change to the rates in the vealer market with prices firm to 10c dearer for select calves. Well finished European light weight vealers made from 260-287c/kg. British bred vealers sold to restockers and feedlots, selling from 246-275c/kg.

Feeder cattle prices are gaining momentum with all categories posting back- to- back price increases.  Generally feeder steers lifted 9c selling at 248-323c/kg.

The standout of the secondary cattle market this week was several orders for feeder heifers as buyers look to assemble more heifers creating a lift of up to 20c/kg. Buyers were keen to secure 330-400kg weight range paying from 240-300c to average 282c/kg.

The seasonal shortage of Heavy steers and bullocks distorted prices. The limited supply sold from 260-300c/kg.

There was resurgence in the cow market, with an extra buyer southern processors operating. Heavy cows lifted 7c making from 215c-248c/kg. Leaner grades were mostly unchanged selling from 132-224c, while plain types back to the paddock made 170c to 230c/kg./kg.

To view full NLRS report click here

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