Markets

Wagga sale 27 June 2022: Cheaper trend for 2775

Leann Dax, 28/06/2022

Yarding 2775 Change  -505

Cattle were cheaper at Wagga as the market reacted to uncertain times ahead. The offering of 2775 was notably lower, and quality was plainer over some secondary lines.

In early sales prices dropped 40-50c/kg over all secondary classes with the market struggling to find a base and momentum. Local and northern store orders were operating and weaner steers returning to the paddock sold 50c 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 510c-710c/kg to average $1204.  With increasing numbers of secondary heifer’s prices  for the heifer portion averaged $1010

The feeder steer market continued its downward run from last week . Well-bred yearling steers sold to patchy demand rates falling 40c/kg. Medium weight steers 400-500kg sold at 480-565c while the lighter weights topped at 588c/kg.

Feeder heifer competition weakened  15-30c/kg with not buyers operating. Heifers 330-400kg consistently made from 420-545c/kg.

Trade cattle prices were few, distorting rates. Steers and heifers sold from 460-540c/kg.

Prices for heavy grown steers and bullocks sold to considerably  weaker price trends due to little demand from key exporters.  Price for heavy steers and Bullocks slipped 25-30ckg. The bulk selling from 366c-485c/kg.

The supply of beef cows remained similar, 475 penned.  Most buyers operated in a cheaper market of 10-11c/kg. The better-quality beef cows made from 338c- 360c/kg. Leaner grades ranged from 240-340c/kg.

Market reporter: Leann Dax

To view full NLRS report click here to visit NLRS website

 

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