Markets

Wagga sale 21 Oct 2024:

Leann Dax 21/10/2024

Yarding 4390 Change -710

Cattle numbers declined and so did prices in a slightly smaller yarding of 4390. The quality of the offering ranged from very good to fair, with a significant number of well-finished stock weighing between 400-500kg, including some that were grain fed. Although most buyers participated in the sale, competition was generally subdued across different categories.

A select few pens of exceptional vealers were offered, trading between 320-376c/kg, with the heaviest pens fetching the highest rates. Trade steers and heifers were well supplied, but competition was weaker, as buyers were hesitant to push prices higher. Consequently, most sold for 10-19c cheaper than in previous sale, with trade steers and heifers trading between 280c and 355c/kg.

In the feeder market, all coloured cattle faced weak competition, and demand waned as the sale progressed. Medium-weight feed steers saw an 11c drop, selling in the range of 296-360c/kg, while lighter weights decreased by 8c, averaging 332c/kg. Feeder heifers received solid support, selling between 280-327c/kg. Medium-weight feed heifers experienced inconsistent bidding, regardless of breed. Medium weights sold for 280-336c/kg.

The export sale drew a smaller group of export buyers, with heavy steers to the processors selling steadily at an average of 340c/kg. Bullock prices varied by age, ranging from 320-371c/kg. In the cow market, demand weakened across all categories. Heavy cows experienced a 7c decline, particularly older, baggy types that faced significant discounts. Heavy cows sold for between 255-298c/kg, while leaner types fell by 4c, averaging 250c/kg. Store cows were priced between 232-265c/kg.

Market Reporter: Leann Dax

Source: NLRS Click here to view full Wagga report on NLRS website.

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