Markets

Wagga sale 23 Aug 2021: Numbers tighten following winter offload

Leann Dax, 24/08/2021

Yarding 2285 Change 135

Cattle prices have lifted higher at Wagga, signalling the start of tighter cattle supplies due to producers offloading stock earlier in the winter.

Numbers have declined notably in southern regions placing pressure  on processors to secure trade and heavy  young cattle.

Trade steers benefited from strong domestic and feedlot competition pushing prices up by 10c/kg. Trade steers sold from 488c to 546c to average $2376.

Elevated trade heifer prices were common throughout the sale resulting in a dearer trend of 10c/kg. The main lines of trade heifers made from 470 to 540c/kg.

Heavy heifers over 500kg were keenly contested by Cole’s supermarket which contributed to a price lift of 13c/kg  Younger Angus heifers sold from 440-470c/kg.

The steers portion gained 18c selling at 420c to 490c/kg.

Bullocks were few and sales were 15c dearer making from 450c to 460c/kg.

The feeder steers market is underpinned by strong competition from restockers and back grounders.

Steers 330-400kg  to feed-on sold from 510c to 570c/kg. Steers in this weight range returning to the paddock averaged $2058

Medium weight feeder steers improved 6c making form 468c to 570c/kg.

Feeder heifer numbers declined with a fair percentage  too heavy for feeder buyers.

Heifers 400-500kg heading to feedlots gained 10c selling at 456c to 524c/kg.

Cow numbers declined and not all buyers attended. The main run of heavy cows lifted 14c to average 417c/kg. Leaner types were few selling at 330c to 390c/kg.

To view full NLRS report click here

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