Markets

Wagga sale 3 August 2020: Supermarket demand drives strong market

Leann Dax, 03/08/2020

Yarding 2700 Change 375

The Wagga market is being influenced by strong domestic processor competition in a bigger yarding of 2800. Quality was very good with plenty of stock well finished.

The cattle sale was very strong with some pundits reporting that supermarkets would take up the slack in providing meat for Victoria in their six week lockdown.

In the trade market yearling steers suitable for the trade gained 11c to average 406c with a single pen of European steers recording a top price of 420c/kg. Trade heifers sold to strong supermarket demand to average 384c/kg.

There was moderate lift in rates for feeder steers  330-400kg with prices 8c dearer selling from 370-410c/kg. Feeder heifers sold to stronger competition, with more orders in place. Light and medium weights sold 10c dearer making from 350-414c/kg.

Most processors operated in the export run and the effects were immediate with rates lifting 15c for heavy  steers 500-600kg to average 390c/kg.   Heavy bullocks were few and rates were unchanged selling  from 340-379c/kg. Heavy heifers were well supplied, and Coles supermarket keenly contested the younger portion. Despite supermarket competition rates were wound back 10c/kg. Heifers weighing 500-600kg made from 300-394c/kg.

In the cow market not, all processors operated . Heavy well finished cows gained 8c making from 286-316c/kg. The bulk of the leaner types were firm making from 270-290c/kg.

To read full NLRS report click here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HAVE YOUR SAY

Your email address will not be published.

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Beef Central's news headlines emailed to you -
FREE!