Markets

Wagga sale 22 May 2017: Rain inspires restocker competition

Leann Dax, 23/05/2017

Big price gains were recorded for secondary cattle at Wagga in a smaller yarding of just over 2000 cattle.

Recent rain inspired restockers and feedlots who had the greatest influence over most categories. Weaner steers back to the paddock sold 6-22c/kg dearer. Steers weighing 330-400kg benefited from the strongest demand with store buyers who payed from 332-392c to average $1358.

Lighter weight store steers 200-300kg sold from 344-415c/kg with the Angus portion paid premium rates.

Feeder buyers upped the ante on all well-bred lines which caused steer prices to jump 8-26c/kg. Steers 400-500kg suitable to feed-on regularly made from 312-371.2c/kg. Lighter weights sold from 325-381c/kg.

It was more of the same in the feeder heifer market with prices lifting 12c/kg. The bulk of the heifers sold from 312-352c/kg.

Trade cattle were in short supply and buyers were reluctant to push prices for cattle which lacked finish. The range in quality was reflected in the price The best trade heifers 400-500kg sold from 300-330c/kg to be mostly unchanged. There were too few steers to quote with the limited number selling from 292-352c/kg.

Vealers sales to the trade were limited with the top price vealer reaching 380c, while other sales ranged from 320-370c/kg.

Heavy steers and bullocks sold to solid demand with rates firm to 7c dearer for steers over 600kg. The bulk of the offering sold st 285-328c/kg.

Heavy cow prices climbed on the back of limited supplies. One major processor found it difficult to make a start due to his Angus specifications, which meant he spent most of the sale sidelined. Heavy cows gained 4c making from 240-276c/kg. Leaner grades were firm to a few cents cheaper and sold from 212-240c/kg. Store cows found plenty of support with price ranging from 195-252c/kg.

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