Markets

Wagga sale 27 Aug 2018: Numbers drop significantly

Leann Dax, 29/08/2018

Yarding 2360 Change -755

Numbers fell significantly at Wagga, with agents offering just over 2300 head on the back of last week’s cheaper trends.

Prices this week were fuelled by better feedlot and restocker competition, after some rain in the north and local area.

Some good results were recorded in the vealer run with sales of good quality European calves selling from 280-315c/kg, while most other British breed’s ranged from 230-278c/kg.

In the trade market bidding was consistently above 280c for the better finished trade steers, with the best trade steers making from 290-310c to average 292c/kg. Trade heifers 400-500kg trended slightly easier, with buyers rarely lifting rates above 280c/kg. Medium weights sold from 230-304c/kg. Lighter weight trade heifers which were supplementary fed met strong competition topping at 315c/kg.

Helping boost secondary yearling and weaner rates was renewed feedlot and back grounder interest over all light weight categories, following recent rain in the north. The biggest gains were made by Angus steers, when feedlots pushed prices 10-15c higher. Steers returning to the paddock topped at 279c to average 242c or $583.  Repeat buyers for lighter weight heifers 200-280kg lifted rates 6c/kg. Well-bred heifers returning to the paddock sold from 150-229c/kg.

There was a price kick for feeder steers this week when northern and southern feedlots clashed on all pens of well-bred lines. Medium weight steers jumped 10c selling from 255-296c to average 287c/kg.

It was more of the same in the heifer feeder market, with lighter weight heifers gaining all of last week’s losses. Rates jumped 40c selling at 210-274c/kg.

After some average results in the export market the previous week bullocks, prices lifted 3c/kg. Bullocks averaged 282c to top at 288c/kg. A fall in supply of better quality younger grown steers 500-600kg saw stronger demand and, rates generally improve 6c to average 288c/kg.

A reduced line up of 400 cows and increased competition from southern processors lifted prices 2-6c/kg. Heavy cows sold up to 2c dearer making from 204-244c/kg. Leaner grades met strong demand making from 145-208c/kg.

To view full NLRS report click here

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