Markets

Wagga sale 2 Aug: Soaking rains boost prices

Leann Dax, 03/08/2021

Yarding 2300 Change 500

Cattle prices at Wagga have been boosted by the soaking rains in parts of NSW and Victoria. Buyer competition intensified despite a much bigger yarding of 2300 cattle.

Price gains  were recorded across the board with trade and light weight steers  enjoying the greater rate lift.

Feeder steers were a few cents dearer with buyers setting a heady pace for the Angus portion. Light weight steers sold at 510-570c averaging 543c/kg. Medium weights from 434-546c/kg.

It was elevated prices for feeder heifers, with. strong sales recorded from the commencement of the sale, resulting in a price lift of 16c/kg. Feed heifers ranged from 428-530c/kg.

Commission buyers  and stock agents were in attendance and strong price patterns lifted rates by 57c/kg for steers 280-330kg. The bulk selling from 510-666c/kg and averaging $1809 per head. The heifer portion sold at 455-590c/kg.

In the trade market quality was plain and buyers paid up to 538c for heifers with good fat cover to average 479c/kg. Rates were distorted by the lack of well finished steers. Prices ranged from 502-510c/kg.

Grown steers and bullocks sold mostly to two major processors. Grown steers were unchanged selling at 400-510c/kg. Bullock quality slipped and prices came off the boil 10c to average 441c/kg.

Cow rates again reacted to a shortage of supply  with prices improving 3c and recording a top price of 410c/kg. Heavy cows averaged 387c/kg. Leaner types sold from 322-358c/kg.

To view full NLRS report click here

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