Wagga sale 26 Sep 2016: Wet weather continues to restrict cattle flows

Leanne Dax, 27/09/2016

In a bigger yarding at Wagga of 2895 head yesterday, prices remained buoyant despite less processor demand over some export categories.

Agents said the spring cattle rush may be subdued as wet weather continues to restrict the flow of cattle into the selling centre.

The best price recorded for trade cattle was 420c/kg for lighter weight vealer steers. The main run of European vealers and their crosses fetched 380 to 415c/kg.

Trade steer prices eased 10c, due to a bigger selection of grass finished heifers. The bulk of the trade steers made for 355-402c/kg.

Trade heifers were well supplied and the increased numbers caused prices to dip 4c/kg. Medium weights made from 340-418c/kg.

The latest rainfall outlook for the month suggests an 80 percent chance of above average rainfalls for October-December. If this proves accurate, the cattle market at Wagga could continue to face supply pressure for feeder cattle.

This was evident at the market with less numbers of steers and heifers suitable to feed on.

Medium weight feeders steers sold to dearer rates of 4c to 6c making form 355-402c/kg.  It was more of the same in the feeder heifer market with rates firm to slightly dearer in places. Feeder heifers 330-400kg fetched 350-368c/kg.

The export market was solid with the better heavy steers selling from 320-380c/kg. The National Livestock Reporting Service noted bullocks were limited and prices did ease a few cents selling at 310-355c/kg.

The cow market reached a top price of 292c for higher yielding lean types. The main run of well finished cows sold from 255-287c averaging 276c/kg.




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