Markets

Wagga sale 21 Nov 2022: Numbers jump to 3010

Leann Dax, 22/11/2022

Yarding 3010 Change (+310)

Numbers increased significantly. A good portion of the offering were secondary yearlings suitable for lot feeding.

Prices for domestic and export cattle hit a hurdle. Falls of 20c to 50c/kg were common.

The regular export and domestic processors were in attendance however not all feedlots operated. Trade heifers sold 15c cheaper making from 370c to 488c/kg.

Price results for trade steers varied and this was reflected in the massive price spread. Prices generally fell 67c to average 454c/kg. Light weight well-bred steers returning to the paddock sold to strong competition The bulk selling from 530c to 800c/kg.

The feeder market for light weight steers 330 to 400kg lost considerable traction. Prices ranged from 438c to 562c/kg. Quality lines of well-bred steers 400 to 500kg lacked buyer interest and support. Well-bred steers sold from 420c to 555c/kg. Heifers to suit feedlots slipped 40c to average 451c/kg.

Heavy steers and bullocks sold to weaker demand over all age categories. C3 steers and C4 bullocks suitable for the processors sold 20c to 50c/kg cheaper. Heavy steers averaged 426c while bullocks averaged 421c/kg. The cow market followed the cheaper market and buyers were reluctant to enter bidding duels. Heavy D4 types sold 23c cheaper to average 345c/kg.

Market reporter: Leann Dax

Click here to view full report on NLRS website

 

 

 

 

 

 

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