Markets

Wagga sale 28 June: Prices bounced around in a smaller yarding

Leann Dax, 29/06/2021

Yarding 2700 Change 450

Cattle prices bounced around in a smaller yarding of 2100  head at Wagga.

Feedlot orders put some fire into lighter weight secondary cattle classes. The mixture of  rain and limited supplies at other selling centres meant feedlots dominated most classes of stock.

The price lift was most noticeable for light weight steers 280-330kg. with prices jumping 28c/kg. Herefords made to 560c while Angus steers topped at 580c/kg.

Steers 330-400kg found strong support from feedlots and back grounders selling at 480-542c/kg to average $1760 per head.

The lightweight  heifer portion attracted solid bidding from agents and commission buyers averaging  496c/kg.

Feeder steers 400-500kg sold to strong demand depending on breeding. There were isolated sales to 527c however, most sold from 440-522c/kg.

Feeder heifers were on a roll with some buyers eager to acquire numbers. Heifers weighing 330-400kg made impressive gains of 28c/kg. Prices ranged 460c to 530c/kg.

Well finished  heifers suitable for the trade  increased and rates improved 35c selling at 420c to 512c/kg.  There were too few trade steers to quote, with the top pen making 495c/kg.

A seasonal shortage of grown steers saw quality slip resulting in a cheaper trend of 25c to average 420c/kg. Well-bred heavy young  sold to patchy competition from feedlots with prices 19c cheaper to average 450c/kg.  Heavy heifers with shape sold at 360-435c/kg.

The cow market sold to weaker southern competition and prices generally eased 3c/kg. Heavy cows sold from 300c to 352c/kg. Cows PTIC made from $2059 to $2643 averaging $2416 per head.

Market Reporter, Leann Dax

To view full NLRS report click here

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