Markets

Wagga sale 15 Nov 2021: Rain pushes prices higher in smaller yarding

Leann Dax, 16/11/2021

Yarding 1780 Change -620

Over 100mm of rain in some parts of the supply area delivered another price lift at Wagga in a smaller yarding of 1780.

The highlight  was improved demand from exporters for the better pens of heavy cows. The strong demand pushed prices along as major processor  scrambled for supply against a backdrop of more rain to follow. Prices bounded by 10-12c/kg across all categories. Heavy cows making from 380-410c for the better finished lines. Middle run of leaner types sold at 355-385c/kg.

Heavy steers and bullock rates responded to the exceptional quality gaining 8c- 12c making from 450-546c/kg.

There was also a lift recorded for trade cattle across vealer and some yearling categories. The National Livestock Reporting service reported B muscled European calves sold on average 7-10c dearer. Well finished vealers sold from 550-608c/kg.

The market sold to strong demand on plainer young yearling cattle and off types with major feedlots operating. For example, with all feedlots buying steers 400-500kg prices lifted 12c, the bulk making from 530-571c averaging 566c/kg. The lighter weight steer portion bounced 30c selling at 560-652c/kg. Light weight heifers 330-400kg were keenly sought and prices were up to 12c dearer with rates climbing as the sale progressed. Well-bred heifers sold from 510-571c/kg.

Yearling trade steers benefited  from feedlot competition. Not all domestic buyers who were able to match price against the stronger competition Trade steers  gained 20c selling from 510-550c/kg. Bidding for yearling heifers stepped up another notch with a run of 400-500kg averaging 8c/kg dearer to record a top price of 546c/kg.

After a big rain across the supple area light weight steers 200-280kg were few. The limited few sold from 638-805c/kg.

To view full NLRS report click here

HAVE YOUR SAY

Your email address will not be published.

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Beef Central's news headlines emailed to you -
FREE!