Markets

Wagga sale 3 Feb 2020: Feeder cattle lead price rises

Leann Dax, February 4, 2020

Yarding 5888 Change 1788

Cattle prices at Wagga have been boosted by the soaking rains in some parts of Queensland, NSW and Victoria.

Buyer competition intensified despite a much bigger yarding of 5888 cattle.

Price gains of 15-45c were recorded across the board with feeder cattle enjoying the greater rate lift.

Feeder steers were up to 45c dearer with Queensland buyers setting a hefty pace. Light and Medium weight steers sold at 300-354c averaging 311c/kg.

It was more of the same in the heifer run. Strong sales were recorded from the commencement of the sale which resulted in a price lift of 30-36c/kg. Feed heifers ranged from 268-324c/kg.

Restockers were in attendance but struggled against a boat order and back grounders. Steers back to the paddock were 39c dearer recording a top priced of 348c or $912. Heavy secondary steers purchased by restockers averaged $1172 or 327c/kg.

In the trade run shell-shocked domestic processors were unable to match the price levels of feedlot buyers with most watching on in disbelief. The few heifers 400-500kg which sold to the trade made from 275-298c/kg. There were no steers sold into the trade this week.

Grown steers and bullocks were keenly sought by Queensland and NSW processors. Grown steers and bullocks gained 25-30c, selling from 280-325c/kg.

Cow rates again reacted to a shortage of supply in the north with prices improving 15c/kg. Heavy cows sold at @50-270c/kg. Leaner types sold from 220-248c/kg.

To view full NLRS sale report click here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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