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Wagga sale 18 Dec 2017: Competition eases with Xmas break

by Leann Dax, 19 December 2017

Numbers more than halved at Wagga for the last market prior to the Christmas holiday break. The looming abattoir closures and very few processors operating caused a significant price correction across trade and export categories.

The market developed some erratic trends this week; even light weight store prices took a hit. Many of the better lines of secondary weaner steers and heifers 200- 320kg sold 15-24c/kg cheaper.

Meanwhile demand for straight-bred black heifers and steers continued their popularity amongst feedlot buyers.

Feedlots operated with some caution this week as there were some steers not suitable to feed-on. Well-bred secondary steers 330-400kg were unchanged to a few cents dearer making from 269-331c/kg. Medium weight feeders steer gained 3c to average 299c/kg. Secondary heifers suitable to feed on were in shorter supply selling 3c to 5c cheaper fetching 240-285c/kg.

Very few trade buyers were present this week which caused prices to slide notably. Demand was weak for medium weight trade steers 400-500kg and prices fell 30c to average 265c/kg.

Well finished trade heifers were in short supply and prices bounced around depending on who was buying. The best of the trade heifers fell 10c making from 240-265c to average 252c/kg.

In the export market numbers were limited and only one major processor made purchases. Heavy grown steers 500-600kg sold 20c cheaper selling from 225-258c/kg. Heavy bullocks topped at 258c to average 244c/kg.

Heavy heifers sold to weaker competition with the better shaped heifers 500-600kg making from 244-250c/kg.

Cow market opened significantly weaker due in part to only two companies operating, sales were 15-30c cheaper. Heavy cows made from 190-210c to average 198c/kg. Leaner grades were notably plainer than the previous week making from 175-192c/kg.



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