Markets

Wagga sale 31 August 2020: Restocker, feedlot demand drives prices higher

Leann Dax, 01/09/2020

Yarding 3080 Change 1335

RESTOCKER and feedlot demand continues to drive cattle prices higher at Wagga in a bigger yarding of 3080.

And while feedlot demand is the main factor impacting prices, spring restockers stepped into the market lifting their weight range to 330-400kg.

This weight category jumped 20c with the bulk of the steers returning to the paddock averaging $1519.

Lights weights 200-280 surged ahead 30c recording a top price of 534c to average 492c/kg.

Heifers returning to the paddock were few with feedlots dominating all the lighter weight categories the bulk averaged $1383.

The trade market kicked up 7c for the steer portion to average 404c while the best of the heifers was unchanged averaging 381c/kg.

Feed steers were firm to 6c dearer making from 385-430c/kg.

Feed heifers also topped at 422c to average to average 385c/kg.

In the export run quality was outstanding with heavy steers 500-600kg in greater numbers. Heavy steers sold 6c dearer making from 328c to 411c/kg.

Bullocks were unchanged making from 360-380c/kg.

The cow market gained traction with heavy cows jumping 11c selling at 294c to 315c/kg. Leaner types were few, which resulted in a rate surge of 15c making from 253-306c/kg.

 

To read full NLRS report click here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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