Wagga sale 3 Dec 2018: Price corrections in bigger yarding

Leann Dax, 04/12/2018

Yarding 4300 Change 100

The start of summer has seen some unexpected price corrections at Wagga in a bigger yarding of 4300. Buyer demand was erratic and at lower levels, with some classes of yearlings and some vealers falling 10-15c/kg.

Plainer lighter weight cattle were the most affected, with restocker demand markedly weaker. Weaner steers and heifers 200-280kg sold up to 15c cheaper and more in places.  The better bred steers back to the paddock sold from 200-276c to average $568 per head. The heifer portion made from 140c-228 with the top pen selling at $519 and down to a low of $394.

Weaker trends were also seen for feeder steers and heifers with buyers not willing to push rates. Feeder steers 330-400kg sold 13c cheaper while the 400-500kg steers slipped 6c making from 250-298c/kg.  There were less feedlot buyers operating this week for secondary heifers and rates eased back 1-4c making from 190-276c/kg.

Meat buyers were reluctant to pay the higher prices of recent weeks, with reports companies had plenty of direct to works cattle leading into the Christmas break.

Trade cattle competition was minimal with most yearling selling to feedlots. There were no trade steers 400-500kg to quote while the heifer portion sold 3c easier making from 245-274c/kg.

In the export market some companies attended but didn’t operate fully. The weaker competition resulted in prices dipping 8-9c/kg. The bulk of e heavy steers and bullocks sold at 223-276c/kg. The pick of the Angus steers sold to feedlots 10c cheaper to average 268c/kg.

The cow market where nearly 1100 cow were yarded sold to noticeably cheaper trends over all categories. Once again there was fewer processors buying and prices generally fell 8-13c/kg. Heavy cows were hardest hit selling at 192-223c/kg. Leaner grades made from 145-206c/kg.

To view full NLRS report  click here


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