Markets

Wagga sale 10 Feb 2020: Restockers lift rates 20c/kg

Leann Dax, February 11, 2020

Yarding 6390  Change 502

Widespread rain and higher prices caused numbers to lift in a bigger yarding of 6390.

Rain inspired understocked NSW restockers who had the greatest influence over lighter weight categories, lifting rates 20c/kg. The better bred lines 200-280 kg fetched 360-420c/kg.

Bidding from restockers and a boat order helped keep feedlot rates hitting a dearer note as competition for well-bred lines intensified. Lighter weight feeder steers 330-400kg gained 9c averaging 347c/kg. Medium weight feeder steers were well supplied and demand lifted selling 5c dearer at 310-368c/kg.

The better trade weight cattle sold to sporadic competition from domestic processors and select butcher orders, with prices 9c/kg higher. Medium weight trades steers topped at 318c to average 308c/kg. Trade heifers made from 288c to 316c/kg.

The seasonal shortage of heavy export cattle contributed to solid gains of 8-22c/kg.  The better finished heavy grown steers made from 286c -342c/kg. Heavy bullocks were in short supply making from 294c-330c/kg,

The cow market continued to climb, with prices strengthening 15c- 20c/kg for beef lines. Heavy well finished cows sold from 260c to 294c/kg. It was a similar story for leaner grades, with good clean hard cows making from 246c-270c/kg.

To view full NLRS sale report click here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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