Markets

Wagga sale 19 July 2022: Restocker steers back 25-30c/kg

Leann Dax, 20/07/2022

Yarding 2150 Change  +50

The market continued to slide at Wagga, with a reasonably full winter yarding of 2150.

The market resumed its downward trajectory experienced at recent sales across the State.

The sale suffered another price correction, with restocking steers and secondary heifers bearing the brunt of the cheaper trends.

Restocking steers are yet to stabilize and price results for light and medium weights fell 25-30c/kg.

The bulk selling from 400-518c/kg.

Weaner steers 200-280kg slipped 54c, with some restockers reporting they had  lost confidence. The better-bred lines selling from 500c to 595c/kg.

Feeder steers got off to a shaky start before firming as the market progressed.

Medium weight feeder steer sold from 440c to 542c while the lighter weights topped at 555c/kg.

Trade steers were in bigger numbers and buyers were very selective resulting in a cheaper trend of 50c to average 474c/kg.

Trade heifers were unchanged making from 435c to 510c/kg.

Heavy steers and bullocks sold to subdued demand with buyers not willing to chase the market.

Prices were 20c cheaper making from 370c to 474c/kg.

The cow market showed some consistency with heavy cows holding firm.

Heavy well finished cows made from 345c to 375c/kg.

The middle run of D2 and D3 sold to erratic price trends selling from 255c to 310c/kg.

Market reporter: Leann Dax

To view full NLRS report click here to visit NLRS website

 

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