Markets

Wagga sale 25 July 2022: Store steers fall as restocker demand falters

Leann Dax, 25/07/2022

Slightly bigger numbers at Wagga and less buyer activity led to another price correction over most categories.

One of the classes effected were young store steers 200-280kg as restockers faltered.

Prices fell back 30c due to minimal competition, with the bulk making from 450c to 566c/kg to average $1350

Feed steers 400-500kg sold to erratic demand and the overall trend was 5c cheaper  making from 450c to532c/kg.

Lighter weight feed steers sold a smaller gallery of buyers and prices pushed up to 568c but overall averaged 10c cheaper.

Feeder heifer prices were erratic, with a few major buyers absent. The bulk of the medium weight feeder heifers sold at 400c to 496c/kg.

Heifers 330-400kg slipped back 30c making from 430c to 460c/kg.

Trade steers were few, softening  5c to sell from 450c to 496c/kg.

Trade heifers were in reasonable supply and not all processors operated fully causing a dramatic shift in buying tempo.  Prices slipped 45c, with the better finished making from 400c to 455c/kg. Plainer trade heifers sold from 350c to 380c/kg.

Heavy steers met erratic competition from both processors and feedlots. Steers suitable to for processors making from 400-430c/kg. Bullocks firmed as the sale progressed making from 370-430c/kg.

The cow market lost considerable traction over all weight classes with processors  not prepared to chase the market . Heavy cows lost 25c making from 322-355c/kg. Leaner cows sold at 200-295c/kg.

Market reporter: Leann Dax

To view full NLRS report click here to visit NLRS website

 

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