Wagga sale 18 Oct 2021: Competition intensifies with rain

Leann Dax, 19/10/2021

Yarding 2735 Change -40

Cattle prices at Wagga have been boosted by the soaking rains in some parts of NSW and Victoria. Buyer competition intensified for some categories.

Price gains of 3c-30c/kg were recorded across the board with weaner cattle enjoying the greater rate lift.

Feeder steers were up to 3 to 5c dearer with buyers setting a hefty pace. Medium weight steers sold at 510-590c, while the lighter weights topped at 637c/kg.

It was more of the same in the heifer run. Strong sales were recorded from the commencement of the sale which resulted in a price lift of 8c/kg. Feed heifers ranged from 484-578c/kg.

Restockers were in attendance but struggled to find numbers with many producers preferring to weight gain themselves due to an abundance of feed. Steers back to the paddock 200 to 280kg  were 31c dearer recording a top priced of 830c or $1947 per head.

In the trade run shell-shocked domestic processors were unable to match the price levels of feedlot buyers with most watching on The few heifers 400-500kg which sold to the trade made from 470c to 560c averaging 10c/kg dearer. Steers suitable for the trade were unchanged making from 510c to 582c/kg.

Grown steers and bullocks were keenly sought by Victorian and NSW processors. Grown steers and bullocks, selling from 450c to 577c/kg. Heavy steers to feed on made from 490-555c/kg.

Cow rates again reacted to a bigger supply of well finished types. Prices were 10c cheaper . Heavy cows sold at 385c  to 448c/kg. Leaner types sold from 330c to -380c/kg.

To view full NLRS report click here


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