Markets

Wagga sale 14 Nov 2022: Plainer cattle bear brunt of cheaper trend

Leann Dax, 14/11/2022

Yarding 2700  

There were weaker results for prices at Wagga in a similar sized yarding of 2700, as wet conditions continue to dampen demand.

Plainer cattle bore the brunt of the cheaper trend, with buyers discounting mixed breeds up to 40c/kg. Weaner steers 200 -280kg sold to premium rates, if they were well bred and Angus. The price variance was noticeable, with the bulk making from 600c to 750c/kg.  Straight bred weaner steers 280-320kg were in short supply and they made from 520 to 680c, slipping 30c/kg.

The feeder steer market showed some downside last week, and still eased back a further 15c to 30c/kg. Demand for well-bred quality steers and heifers were evident at times when prices spiked throughout the sale. Steers weighing approximately 400-500kg and purchased by only a few feedlots and sold to a top of $2642 to average $2238.  Medium weight heifers to feed on were in shorter supply and demand weakened resulting in a cheaper trend of 30c to average 491c/kg.

Price trends for trade cattle reported by the National Livestock Reporting Service (NLRS) were quoted unchanged. Medium weight trades steers averaged 521c while the heifer portion sold from 450c to 512c/kg.

The best trade price was 554c/kg recorded for prime milk vealers but such sales were isolated, the bulk of the better milk calves selling from 500c to 550c/kg.

Export cattle sold to significantly softer price trends as meat processors were not prepared to push the market beyond 514c/kg.  The better finished heavy grown steers sold 22c cheaper making from 540c to 490c, while bullocks over 600kg dipped 50c to average 440c/kg.

The cow market continued to tread water, to lose form slipping 30c/kg for well finished beef lines. Heavy well finished cows sold from 340c to 385c/kg.  Meanwhile leaner cows failed to attract to all buyers and prices were wound back 25c to average 306c/kg.

Market reporter: Leann Dax

Click here to view full report on NLRS website

 

 

 

 

 

 

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