Wagga sale 22 Aug 2016: Weaner heifers to 398c a highlight

Leann Dax, 23/08/2016

The reduced numbers and plainer quality created mixed price trends at Wagga Wagga. Numbers fell by more than 1,000 as farmers are now assured of abundant spring conditions, and a further possible 50mm of rain predicted for NSW this week.

The one positive trend was quality well-bred weaner heifers suitable to feed-on, which made up to 389c/kg. Softer competition from restockers and some feedlots for a range of young steers led to some weaker results. Steers returning to the paddock under 320kg averaged 385c a cheaper trend of 27c/kg.

Weaner heifer quality slipped this week, with increased numbers in store condition. The plainer quality led to prices dipping as low as a 290c, while the better conditioned lines made from 344c to 383c a cheaper trend of 17c/kg.

Feeder steers were once again well supplied, with a few feedlot companies underpinning the market for the medium weight portion. Well-bred bred steers lifted 3c selling from 345c to 393c/kg to average $1642/head. Sales of lighter weight steers varied, with opportunistic feedlots at times the market drivers. The better sales of 330-400kg ranged from 340c-393c/kg.

Similarly the market for light feeder heifers was solid with prices unchanged, while the medium weights sold 14c cheaper. The bulk of the medium weight heifers made from 336c-356c/kg.

Prices for top quality slaughter cattle were generally cheaper, however prices did fluctuate and off the top trade cattle generally eased 8c per Kilogram. The best trade price recorded was for fresh well finished steers which sold at 399c/kg. Medium weight trade heifers lacked finish and failed to attract all buyers which resulted in a cheaper trend of 9c/kg. The main run of heifers fetched 334-369c/kg.

Grown steers and bullock numbers declined and prices were generally unchanged to 9c dearer. In dollars per head terms heavy bullocks sold to $2489 or the equivalent of 368c/kg. Heavy grown steers were keenly sought by both southern and northern processors making from 310c to 365c/kg.

This week in the cow market rates bounced 8c/kg. Better sales of heavy cows included European cross lines which made from 280 to 304c/kg. Leaner grades were 6c dearer making from 235c to 280c/kg.


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