Wagga sale 20 March 2017: Hot, dry conditions add to supply pressure

Leann Dax, 21/03/2017

Cattle prices were steady at Wagga in a bigger yarding of 3850.

Hot dry conditions continue to put supply pressure on the market, with producers mostly offloading secondary condition stock.

Competition remained steady for export cattle in a mixed quality offering. Bullocks sold at 288c-315 to average 299/kg. Heavy grown steer rates were unchanged. The better young steers made from 280-318c, while aged steers sold to a low of 266c/kg.

Plainer conditioned medium weight steers 400-500kg relied on feedlot competition to hold their value. Prices were fully firm selling at 305 -353c/kg. Lighter weight feeder steers gained 7c returning 318-357c/kg.

In the feeder heifer market prices lifted 7c for the better bred lines fetching 290-350c/kg. The bulk of the heavier secondary heifers 400-500kg fetched 295c-327c/kg.

Rain across most parts of the supply area led to a lift in demand for secondary weaner steers with prices jumping 50c/kg. Well-bred steers topped at 409c to average 394c/kg. The heifer portion sold to much stronger bidding to average 357c/kg.

Price results for trade cattle were mixed, with the hot weather conditions reflected in the quality. Medium weight trade heifer’s lacked the quality of the previous market slipping 1c to average 306c/kg. Medium weight trade steer were in short supply selling at 310-340c/kg.

Steer vealers sold to a top of 366c/kg, with the top pens working out at $1193 to $1299.

Cow numbers increased and not all buyers operated, while other companies were very selective when making purchases, steering away from over conditioned lines. Heavy cows sold 2c higher selling at 228-248c/kg. Leaner medium weight grades made from 205-244c/kg.


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