Markets

Wagga sale 12 Dec 2022: Numbers fall to 1900

Leann Dax, 12/12/2022

Yarding 1900 Change -1185

Numbers fell substantially at Wagga to just over 1900 and bidding was described as having some “urgency’ fuelling a price rally for some secondary and domestic processors categories.

Trade prices lifted, fuelled by reducing supplies at all selling centres and increased feedlot competition on better finished stock. Medium trade weight heifers 400-500kg surged 48c, selling from 400-452c to average 440c/kg. Prices across the better yielding higher end young steers gained 18c selling from 430-460c/kg.

The best price recorded on the day was 480c/kg for heavy vealers with European vealers and their crosses making from 424-474c/kg.

Secondary steers along with trade steers needing more finish benefited from solid feedlot demand, which lifted prices 7c/kg. Medium weight steers 400-500kg averaged 440c, while the lighter weight lines made from 415c-532c/kg.

Restockers didn’t hold back for lighter weight steers, with prices increasing 60c/kg. Well-bred lines of Angus steers ranged from 538c to 710c/kg.

The heifer feeder market was boosted by stronger competition from processors aiding a price rise of 43c/kg. Heifers 400-500kg regularly sold from 415c-456c to average 421c/kg.

Heavy steer rates were quality driven, with the younger well finished pens commanding premium prices of up to 428c/kg. Heavy steers sold 7c dearer to average 401c/kg. Bullocks 600kg plus were in limited numbers and posted a slight gain to average 396c/kg.

At the cow market, stronger processor bidding at the top end push up values, with the cow market generally selling 25c/kg dearer. Heavy cows made from 319-366c while leaner grades ranged from 280-329c/kg. Heavy bulls sold from 310-355c/kg.

Market reporter: Leann Dax

Click here to view full report on NLRS website

 

 

 

 

 

 

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