Markets

Wagga sale 24 Apr 2017: Prices 10-33c dearer

Leann Dax, 24/04/2017

A shortage of stock due to the Easter holiday break lifted rates at Wagga in a yarding of 3,320.

Cattle prices were generally 10-33c dearer despite the market facing pressure from a mixed quality offering.

Secondary types made up the bulk of the offering, however there were some excellent well finished drafts of yearling cattle which sold to both feedlots and the domestic trade.

The market started off in line with recent sales but kicked away when it came to weaner cattle. Inspired restockers after recent rain drove the market 20-33c/kg higher. Light weight steers 200-280kg recorded a top price of 459c/kg. Well-bred steers hovering around 300kg weight range averaged $1154/head or 384c/kg. A couple of strong northern orders helped lift the heifer portion 12c, with well-bred heifers consistently making 368c-400c/kg.

It was more of the same in the feeder heifer market, with feedlots clashing for well-bred lines. Feeder heifers 400-500kg jumped 13c fetching 326-355c/kg. Light weights trended 5c dearer averaging 352c/kg.

Feeder steers prices were mostly unchanged to 8c dearer. Lighter weights reached a top price of 372c/kg. Medium weight steer sold to steady competition to average 349c/kg

Trade cattle were in short supply and domestic buyers struggled to match rates against feedlots. Domestic buyers focused more of their attention across trade heifer categories, which pushed prices 15c higher to average 340c/kg. Trade steers were limited making from 325c to 365c/kg.

Grown steers and bullocks were in reasonable numbers and buyers clashed for a market share of the prime finished article. Prices lifted 9c/kg, with the better finished steers selling from 300-342c/kg.

Buyers competed steadily in the cow market for well finished lines, with plenty of cows trading just above 500c/kg carcass weight, reaching a top of 258c/kg. Leaner cows sold from 205-244c/kg.

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