Markets

Wagga sale 4 Sep 2023: Market rallies for export stock

Leann Dax, 04/09/2023

Yarding 3000 Change +30


Numbers were similar to the previous sale.

The market rallied for export stock however, there was very little upside across yearling categories.

Feedlots buyers were few, and competition fell away for coloured cattle.

Demand from exporters for heavy steers and bullocks improved, with southern processors keen to acquire stock.

Cow numbers lifted and so did prices.

Feeder steers weighing between 400 to 500kg were unchanged to average 284c/kg.

Feeder heifers medium clawed back last weeks losses selling from 230c to 290c/kg. The majority of the medium weight heifers sold from 230c to 290c/kg. Trade steers and heifers slipped 20c to 23c selling from 180c to 308c/kg In the export sale a few more processors were active. Heavy steers improved 5c to average 267c/kg.

Bullock prices kicked up 8c to average 276c/kg. Cow quality was exceptionally good a reflection of the spring season. There were some outstanding runs of big heavy cows resulting in a price lift of 7c/kg. Heavy cows selling at 230c to 250c/kg.

Leaner grades made from 176 to 210c/kg.

Market reporter: Leanne Dax

Source: NLRS Click here to view full Wagga report on NLRS website.

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