Markets

Wagga sale 11 July 2022: Cheaper price trend

Leann Dax, 12/07/2022

Yarding 2100 Change  +100

Cattle were cheaper at Wagga as the market reacted to uncertain times ahead. The offering of 2160 was like the previous sale and quality was plainer over some secondary lines.

In early sales prices dropped 15-30c/kg over some secondary classes with the market struggling to find a base and momentum. Local store orders were operating and weaner steers 280 to 330c/kg returning to the paddock sold 47c cheaper and more in places.  The cheaper price trend was aided by limited demand from backgrounders. The well-bred weaner steers returning to the paddock 200-280kg made from 500c-635c/kg to average $1582.  With increasing numbers of secondary heifer’s prices  for the heifer portion averaged $1271

The feeder steer market continued its downward run from last week.  Well-bred yearling steers sold to patchy demand rates falling 8c to 20c/kg. Medium weight steers 400-500kg sold at 430-562c while the lighter weights topped at 576c/kg.

Feeder heifer competition was solid with the return of a feeder buyer after a short absence. Heifers 330-400kg consistently made from 465-542c/kg.

Trade cattle prices were few, distorting rates. Steers and heifers sold from 430-555c/kg.

Prices for heavy grown steers and bullocks were unchanged to 20c dearer for the bullock portion. The bulk selling from 390c-480c/kg.

The supply of beef cows remained similar, 475 penned.  Most buyers operated in a market that fluctuated over chopper cows. The better-quality beef cows sold firm to 3c dearer making from 338c- 378c/kg. Leaner grades ranged from 214-330c/kg.

Market reporter: Leann Dax

To view full NLRS report click here to visit NLRS website

 

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