Yarding 1870 Change +370
Over 30mm of rain in some parts of the supply area delivered another price lift at Wagga in a bigger yarding of 1870.
The highlight was improved demand from exporters for the better pens of heavy cows. The strong demand pushed prices along as major processors scrambled for supply against a backdrop of more rain to follow. Prices bounded by 7-10c/kg across most categories. Heavy cows making from 415-435c for the better finished lines. Middle run of leaner types sold at 355-386c/kg.
Heavy steers and bullock rates responded to the exceptional quality gaining 8c- 10c for the tops, making from 455-556c/kg.
There was also a lift recorded for some yearling trade with domestic buyers struggling to outbid feedlots. The National Livestock Reporting service reported heifers averaging 539c and the steer portion 560c/kg.
The market sold to strong demand on plainer young yearling cattle and off types with major feedlots operating. For example, with most feedlots buying steers 400-500kg prices lifted slightly with the bulk making from 530-585c averaging 566c/kg. The lighter weight steer portion bounced 23c selling at 534-6662c/kg to average $2257 per head. Light weight heifers 330-400kg were keenly sought and prices were up to 10c dearer with rates climbing as the sale progressed. Well-bred heifers sold from 546-598c/kg.
After a big rain across the supply area light weight steers 200-280kg were few. The limited numbers sold from 634-754c/kg.
Market reporter: Leann Dax
To view full NLRS report click here to visit NLRS website