Markets

Wagga sale 5 Dec 2022: Prices dip as numbers lift

Leann Dax, 05/12/2022

Yarding 3080 Change 580

At  Wagga cattle prices dipped as numbers lifted to 3080. The market showed weaker price trends, with some young cattle to the processors notably cheaper.

There was a mixed selection of vealers and prices trended 10c cheaper after last week’s severe price correction. The bulk of the vealers made from 400-433c/kg.

Some of the price falls were notable, with grassy heifers well supplied and bearing the brunt of weaker competition. Prices slipped up to 30c with the bulk of the trade heifers selling from 356-400c, with a single pen of grain assisted topping at 410c/kg.  Trade steers 400-500kg sold 20c cheaper to average 421c/kg.

Feeder steers sold to small group of buyers and demand was  weaker for medium weights 400-500kg easing 20c/kg. Medium weight steers made from 400-492c/kg. Lighter weights were limited selling from 400-547c/kg.

In contrast the feeder heifer market sold to lack lustre competition for the lighter weights 330-400kg. Generally prices slipped 25c to sell from 380-458c/kg.

After  price reductions in recent weeks, bullocks recorded cheaper rates of up to 4c/kg. Major buyers were reluctant to push prices, with reports there was plenty of stock coming direct to works. Bullocks 600kg plus sold at 380-408c/kg. Heavy steers 500-600kg attracted steady demand from both exporters and domestic processors to remain unchanged. The better shaped steers made from 380-454c/kg.

In the cow market prices went south with most cows sold to very few bids.  Heavy cow slipped 10c fetching 295-342c. Leaner types were in reasonable supply selling at 246-300c/kg.

Market reporter: Leann Dax

Click here to view full report on NLRS website

 

 

 

 

 

 

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