Markets

Wagga sale 2 Nov 2020: Prices gather momentum

Leann Dax, 03/11/2020

Yarding 2500 Change 1040

The Wagga cattle market is knocking on the door of more record prices in a bigger yarding of 2500.

Quality was excellent with very few cattle in genuine store condition. Once again there was plenty of weight in the offering, with the bulk of the stock weighing more than 400kg.

The market opened up  on a very strong note with feeder steers prices jumping 15c in the first agents run, recording a top price of 444c for a pen of 30 steers weighing 415kg. The bulk of the medium weight sold at 390-440c/kg. Lighter weight feed steers sold from 400-460c/kg.

Steers returning to the paddock on a dollar per head basis averaged $1600 for 330-400kg weight range. Store heifers were 400-472c/kg.

Feeder heifers sold to similar price trends to the previous sale making from 380-430/kg.

Trade heifers benefited from stronger feedlot demand which resulted in a dearer trend of 15c for the lighter weights to average 408c/kg. Trade steers sold to strong competition from Victorian processors lifting 10c to record a top price of 440c/kg.

Processor demand for heavy bullocks was sold with price holding firm. Heavy C3 and C4 steers made from 340-400c/kg. Heavy steers to feed on made from 390-415c/kg.

Cow numbers doubled to total 456. Quality was excellent with most heavy four and 5 score types. Prices were unchanged making from 290-320c/kg

To read full NLRS report click here  

 

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