Markets

Wagga sale 8 April 2019: Export steers lift by 15c/kg

Leann Dax, April 9, 2019

Yarding 4600 Change 1200

On the back of last week’s dearer trends Wagga agents yarded a bigger offering of 4600 cattle.

Once again the shortage of domestic and export cattle gave the market some momentum with prices improving by as much as 15c/kg for export steers.  Most of the secondary lines were purchased by the usual group of feedlot buyers.

The limited supplies of well finished cattle continue to set alight bidding amongst domestic processors, with yearling steers and heifers to slaughter selling firm to a few cents dearer. Medium weight trade heifers topped at 285c, with sales generally ranging from 240c to 278/kg. The limited supplies of grass finished and supplementary fed trade steers sold at 260c-315c/kg,

Vealer numbers increased and the better finished pens were 11c dearer topping at 320c/kg. Other sales of veal fetched 260-308c/kg.

Secondary light weight steers struggled to find solid support from feedlots. Consistent prices of 240-308c/kg for steers weighing 330-400 kg meant feedlot prices were generally 17c/kg lower. Medium weight steers to feed-on sold to steady competition to average 261c/kg.

Strong local lot feedlot competition kept prices firm.  The bulk of the secondary heifers to place on feed sold from 200- 383c, with the lighter weights 330-400kg averaging 266c/kg.

Heavy grown steers and bullocks were in short supply and quality was very good. Heavy steers found solid competition the better finished milk ant two teeth pens selling from 280-308c/kg.   Heavy bullocks lifted 15c making from 245-315c/kg.

There were over 1400 cows penned and quality slipped with many lines lacking yield. Due to the weight of numbers rates dipped 20-50c/kg. Heavy beef cows made from 200c-234c, with a single cow recording a top price of 240c/kg, while leaner grades sold at 120-176c/kg.

To view full NLRS report click here

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