Wagga sale 25 Nov 2019: Prices cheaper in 6660 head yarding

Leann Dax, 26/11/2019

Yarding 6660 change 920

Cattle prices continued to cheapen at Wagga from recent levels, in a bigger yarding of 6660.

Losses of 10-24c were recorded as the market felt the pressure from the drying season and poor outlook further into summer.

Trade cattle were hit by the price corrections, with the main category of steer’s 400-500kg dipping 15c/kg.  The limited supply making from 275-296c/kg.

Trade heifers were in reasonable number; however some pen lots failed to attract competition. The bulk of the heifers dipped 20c selling at 230-304c to average 264c/kg.

A similar downward trend was experienced in the vealer run, with the heifer portion to feed falling 8c while steers fell 17c/kg.

The top vealers in the offering sold 15c cheaper and buyers paid from 245-300c while calves lacking some finish sold at 270-300c/kg.

Meanwhile the cheaper trend was evident for lighter weight secondary steers and heifers returning to the paddock. The fall in prices was triggered by the dry season and forecast for little rain in coming weeks. Steers returning to the paddock sold from 240-300c/kg. The light weight heifer portion fetched 220-278c/kg.

Bidding trends for feeder cattle was mixed with some buyers showing less enthusiasm. The main lines of feeder steers eased back 4c making from 268-310c/kg.  The heifers lacked support as the sale progressed slipping 5-10c to average264c/kg.

In the export run major exporters were subdued and domestic processor demand sporadic. The main run of heavy steers 500-600kg sold 20c cheaper making from 265-305c/kg.  Bullocks sold from 268-298c/kg with only limited numbers in each agent’s run offered.

The cow market sold to weak demand processors paid to 264 with prices generally averaging 14c lower. Leaner types also sold to cheaper trends of 20c selling at 208-246c/kg. Well shaped bulls sold from 270-310c/kg.

To view full NLRS sale report click here



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