Wagga sale 26 Oct 2015: Dearer trend in smaller yarding

Leann Dax, 27/10/2015

Numbers dropped by almost a third with only 2,655 cattle yarded.

A shortage of export cattle gave the market greater momentum this week, with prices improving by up to 27c/kg. The dearer trend was obvious at the commencement of the sale with top quality younger lines of heavy grown steers 500 -600kg in limited supply. Bullocks were all most non-existent with only 25 head penned to average 282c/kg. Heavy grown steers’ ignited the bidding late in the sale recording a top price of 324c to average 300c/kg. The better runs of young heavy steers consistently made from 290c-310c/kg.

A highlight of the heavy export market was the heifer portion where heifers weighing 500-600kg made up to 292c/kg, with prices pushed higher by southern and northern export competition. Most of the better shaped pens lifted 11c selling from 250c to 290c/kg.

The trade market experienced a surge in prices as buyers struggled to compete against the higher rates offered by feedlots. Medium weight grass finished steers lifted 19c with domestic buyers paying to a top of 314c/kg. The better finished steers made from 280c-312c/kg. There was strong competition for trade heifers which lifted rates 13c/kg. The biggest influence on the price increase was caused by much stronger southern feed lot competition.

Another market to experience a jump in prices was for well-bred feeder cattle where prices lifted 16-20c/kg. The bulk of the yearling offering sold to feedlots with demand also strengthening as the sale progressed. Medium weight feeder’s steers topped at 316c to average 308c/kg. Lighter weight feeder heifers 330-400kg was in high demand selling 21c dearer making from 252c-291c/kg.

There was limited numbers of lighter weight store conditioned weaners, which attracted stronger bidding from restockers. There were no flat spots in the market with steers 280-320 kg constantly making from 288c-329c/kg to average $951. Light weight heifers returning to the paddock made from 268c-272c/kg.

The cow market opened on a strong note with rates 15-30c higher. Well finished cows sold from 224c-242c/kg. Southern export companies clashed with northern processors for the better finished leaner categories lifting prices 30c/kg. A run of leaner cows made from 218-238c while plainer types sold from 188-215c/kg.


Your email address will not be published.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.


Get Beef Central's news headlines emailed to you -