Markets

Wagga sale 19 July: Market rallies on rain

Leann Dax, 20/07/2021

Yarding 1760 Change -640

The market at Wagga rallied after significant rain across the supply area in a yarding of 1760.

The highlight on Monday was improved demand from exporters for the better pens of heavy Angus cows. The strong demand pushed prices along as southern processor scrambled for supply. Prices jumped 10c/kg across all categories. Heavy cows making from 335-375c for the better finished lines. Middle run of leaner types sold at 290-340c/kg.

Heavy steer and bullock rates responded to the seasonal shortage gaining 8-9c making from 390-450c/kg. Feeder types sold at 420-530c/kg.

There was also a price lift recorded for trade cattle across vealer and some yearling categories. The National Livestock Reporting service reported B muscled European calves sold on average 10c dearer. Well finished vealers sold from 490-436c/kg.

Yearling trade steers sold to stronger demand from all domestic buyers who tried to match rates against the stronger competition from feedlots. Trade steers bounced 25c selling from 485-536c/kg. Bidding for yearling heifers was erratic which was quality related. A run of 400-500kg averaged 7c/kg lower  topping at 488c giving vendors an average of $2191.

The market sold to strong demand on plainer young yearling cattle and off types with major feedlots operating. For example, with major feedlots buying steers 400-500kg prices lifted 25c, the bulk making from 440-554c averaging $2355 per head. Light weight heifers 330-400kg were keenly sought and prices were unchanged to a few cents cheaper to average 498c/kg

After  recent rain across the supple area light weight steers 200-300kg were in shorter supply. Northern and local restockers pushed the market 27c higher to average in dollar per head $1569, The heifer portion averaged $1530.

 

To view full NLRS report click here

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