Markets

Wagga sale 19 Sep 2016: Restockers drive lighter cattle prices higher

Leann Dax, 20/09/2016

Widespread rain across the region disrupted supply, causing numbers to drop in a smaller yarding of 2,100

Rain inspired understocked NSW restockers who had the greatest influence over lighter weight categories, lifting rates 7-20c/kg. The better bred lines 330-400kg fetched 378-414c/kg to average $1478.

Stronger demand from local restockers kept a solid floor in the heifer portion, with rates generally firm to 4c/kg easier selling at 354-388c/kg.

Bidding from restockers helped keep feedlot rates steady as competition for well-bred lines intensified. Lighter weight feeder steers 330-400kg were unchanged to average 380c/kg. Medium weight feeder steers were well supplied and demand remained steady, with rates generally firm making from 345-394c/kg.

The better trade weight cattle sold to keen competition from domestic processors and select butcher orders, with prices 10c to 34c higher. Medium weight trades steers topped at 413c to average 385c, while the lighter portion made from 380c-418c/kg.

The best trade price was 423c/kg recorded for prime milk vealers and such sales were not isolated, the bulk of the better milk calves selling from 380c-420c/kg.

The seasonal shortage of heavy export cattle contributed to solid gains of up to 4c/kg. The better finished heavy grown steers made from 340c -380c/kg. Heavy bullocks were I short supply making from 320c-355c/kg,

The cow market continued to climb, with prices strengthening 6c- 10c/kg for beef lines. Heavy well finished cows sold from 263c to 295c/kg. It was a similar story for leaner grades, with good clean hard cows making from 254c-300c/kg.

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