Markets

Wagga sale 30 Aug 2021: Prices rally after recent rain

Leann Dax, 30/08/2021

Yarding 1900 Change -385

Wagga cattle market continued its stellar run across secondary classes in a smaller yarding.

Prices again rallied over most secondary classes after recent rains across the supply area. Feedlots were the market drivers over 300kg, while restockers settled for the lighter weights.

The National Livestock Reporting Service said competition for light weight well-bred steers by restockers, fluctuated  the pick of the well-bred steers topped at 740c/kg and averaged $2008 per head.

Heifers returning to the paddock were in reasonable numbers making from 568c to 715c/kg.

Light weight feeders steer 330-400kg gained 11c making from 524c to 601c, while the medium weights were unchanged topping at 562c/kg.  Feeder heifers were keenly sought by more buyers with the light weights 330-400kg lifting 26c making from 514c to 562c/kg.

Export and domestic processors struggled to make purchases against the stronger  feedlot competition. Heavy steers to kill  were unchanged making from 400c to 500c/kg. Heavy steers to feed on sold at 440-528c/kg. The increased competition from Coles in the bullock run lifted prices 9c/kg. The bulk of the bullocks selling from 440c to 492c/kg.

There are signs the trade market is starting to match feedlot rates as processors struggled to acquire stock. Prices for trade steers were 10c dearer due to the limited few. The few steers which sold to the trade made from 480c to 552c/kg. Trade heifers gained  11c with domestic processors competing strongly against feedlots The better shaped selling from 470c to 552c/kg.

There were just over 250 cows offered to a small group of buyers. Heavy well finished cow prices rallied 8c making from 410c to 440c/kg. The middle run of leaner types sold at 330c to 400c/kg.

To view full NLRS report click here

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