Markets

Wagga sale 21 Jan 2019: Price ease in smaller yarding

Leann Dax, January 22, 2019

Yarding 3900 Change -1200

Cattle prices at Wagga have again started on a cheaper note despite the smaller yarding of 3900.

The looming public holiday and the deteriorating season as extreme temperatures bring no stormy weather for parched dry land, Lucerne and precariously low water storages.  Many Riverina farmers have been forced to reassess the number of stock they can hold.

This was evident in the plainer quality and another influx of lighter weight store weaners and a bigger offering of 920 cows.

Store weaners sold 20c cheaper with rates struggling to find a floor in the market. Well-bred light weight steers made from 180-296c/kg.

The trade market was hit with further falls for yearling steers and heifers fuelled by lack of demand. Trade steers slipped 14c making from 250-280c/kg. A price correction of 34c for the heifer portion was a reflection of quality.

The general trend for feeder steers was 7-8c cheaper with premiums still being paid for the Angus portion. The bulk of the feeder steers made from 200-293c/kg.

In the feeder heifer market prices softened as the market progressed. Rates dipped 7-20c with plainer heifers selling to a low of 120c/kg. Heifers suitable to feed on sold from 185-270c/kg.

There was more southern processor competition for heavy steers which helped lift rates 3c to average 262c/kg. Heavy bullocks sold to a small group of buyers easing 6c to average 254c/kg.

In the cow market competition was subdued and the main run of heavy cows with plenty of fat cover sold 16c cheaper averaging 194c/kg.  Leaner grades fell 20c making from 120-190c/kg.

To view the full NLRS report for this sale click here

 

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