Markets

Wagga sale 11 July: Prices build with wet paddocks and quality yarding

Leann Dax, 12/07/2021

Yarding 2400 Change -60

Wet paddocks and good  quality helped build prices in a similar sized yarding at Wagga.

Feedlots cornered 70 percent of the market which contributed to price surges of up to 20c, while restockers stole the show in the heifer run elevating prices by 80c/kg.

Strong price patterns were a common theme for all secondary feeder cattle.

An example was Hereford steers regularly  making  500-515c while Angus steers continually sold to 539c/kg for the 400-500kg weight range.

The average price for medium weight steers was 507c or $2282.

Teys  Australia dominated the lighter weight section pushing rates 20c higher.

The bulk of the 300-400kg steers sold at 474-610c/kg.

Secondary heifers 330-400kg came under pressure from feedlots and restockers.

Light weight steers returning to the paddock were in limited supply selling from 544-660c to average $1612.

Restockers paid from 530c-602c/kg to average $2044 per head, while the feeder portion gained 12c to average $1824.

Medium weight feed heifers were unchanged selling from 444c-481c/kg.

In the export run feedlots captured the market with processors unable match the buoyant bidding.

Heavy steers and bullocks to feed-on gained 6-19c/kg.

The better covered selling from 440-510c/kg.

Heavy steers to the kill were mostly aged which contributed to the cheaper trends of 6-24c/kg.

The bulk sold from 374c to 476c/kg.

In the cow market prices gained momentum as the sale progressed.

Heavy cows lifted 7c to average 357c/kg.

The middle run of leaner types sold from 292-331c/kg

To view full NLRS report click here

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