Markets

Wagga sale 29 April 2019: Restockers, lot feeders active

Leann Dax, April 30, 2019

Yarding 2300 Change -1000

The prediction of up to 100mm of rain across the supply area contributed to a small offering of just over 2300 cattle at Wagga.

Restockers and feedlot demand on the back of expectant rain had the greatest influence over the market.

The market benefited from increased producer competition posting dearer rates of 30c/kg for lighter weight weaners. Weaner steers 280-320kg was keenly sought by understocked northern farmers, making from 290-314c/kg. Lighter weights 200-280kg sold from 274-318c to average $785 per head. Likewise light weight heifers attracted strong bidding making from 220-254c a lift of 25c/kg.

The bidding from restockers helped push feedlot rates 30c higher for back ground steers 280-320kg, the bulk making from 290-318c/kg. Medium weight feeder steers gained 30c ranging from 274-312c/kg.

In the trade market limited numbers and mixed quality kept rates firm to 10c dearer to average 285c/kg.

The heifer portion followed suit and was unchanged to 8c dearer selling at 248-285c to average 271c/kg.

Thee pick of the vealers sold 40c dearer making from 275-322c/kg.

In the export market competition was strong with a major feedlot buying the bulk of the offering to average 295c/kg. Domestic processors purchased sporadically and only bid for the younger steers 500-600kg. Heavy steers and bullocks sold to dearer trends. The better covered steers and bullocks sold from 265-305c/kg.

Cow numbers dropped to just over 500 and despite some processors not operating prices jumped 30c/kg, with the middle run enjoying the bigger lift. Heavy cows sold from 214-242c to average 235c/kg. Middle run of cows sold from 175-214c/kg

To view full NLRS report click here  

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