Markets

Wagga sale 16 Jan 2023: Prices dip as numbers lift

Leann Dax, 09/01/2023

Yarding 2500 Change +1100

At Wagga cattle prices dipped markedly as numbers lifted to 2500. The market showed weak trends, with some young cattle to the processors cheaper.

There was a mixed selection of vealers and prices trended 20c/kg lower, after last week’s price correction. European veal and their crosses lacked competition with choice pens topping at 446c/kg.

Some of the price falls were notable, with grassy heifers well supplied and bearing the brunt of weaker competition. The bulk of the trade heifers selling from 330-390c/kg. Trade steers 400-500kg were few selling from 340c to 390c, with a single European steer recording a top price of 408c/kg.

Feeder steers sold to small group of buyers and demand was weak for medium weights 400-500kg easing 34c/kg. Medium weight steers made from 340-420c/kg. Lighter weights  took a hit of 50c, selling from 355-446c/kg.

The feeder heifer market followed suit, selling to lack lustre competition. Generally, prices slipped  back 45-50c/kg. Medium weights making from 350c to 389c/kg.

After  price reductions in recent weeks, bullocks recorded cheaper rates of up to 19c/kg. Major buyers were reluctant to push prices, with reports there was plenty of stock coming direct to works. Bullocks 600kg plus sold at 336-388c/kg. Heavy steers 500-600kg attracted some competition from feedlots and domestic processors however they did bare the brunt of a cheaper trend of 40c/kg. The better shaped steers made from 300-388c/kg.

In the cow market prices went south, with most cows selling to only a few bids.  Heavy cow slipped 25c fetching 290-323c/kg. Leaner types were in reasonable supply selling at 200-305c/kg.

Market reporter: Leann Dax

Click here to view full report on NLRS website

 

 

 

 

 

 

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