Markets

Wagga sale 29 Nov 2021: Light weight steers lift 10-40c

Leann Dax, 30/11/2021

Yarding 2200 Change -100

In  a reduced offering due to widespread rain numbers dipped to 2255 at Wagga.

Cattle prices stepped up over some classes pushed along by feedlots and restockers who have stormed weekly prime sales for numbers in the wake of record prices and limited supplies.

Price surges of 10c to 40c were recorded with light weight steers returning to the paddock averaging $2122 per head. The heifer portion sold at $510 to 600c/kg.

Light weight feeder steers 330-400kg bounced 28c selling from 545c to 690c/kg. Medium weights were unchanged making from 510c to 605c/kg.

Trade steers were few with processors not prepared to chase the market. Prices ranged from 510c to 551c/kg.

Trade heifers met sold demand with Cole’s supermarket the leading buyer rates ranged from 480c to 586c/kg.

Feeder heifer buyers were thin on the ground which was reflected in the cheaper price trends. Medium weight topped at 545c while the lighter weights slipped 30c selling from 455c to 600c/kg.

Most well finished trade heifers benefited from feedlot competition. The limited portion which sold to processors made from 480 to 586c/kg

Heavy steers 500-to 600kg were keenly sought by Coles supermarket and major feedlots. Steers to the kill jumped 40c selling at 450 to 545c/kg. Steers to feed on topped at 547c/kg.

Bullocks were unchanged selling from 430c to 498c/kg.

The cow market gained and extra buyers which helped improve prices 3c to 10c/kg. Heavy cows sold from 380c to 408c/kg. The middle run lifted 10c selling from 352c to 408c/kg.

Market reporter: Leann Dax

To view full NLRS report click here

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