Markets

Wagga sale 24 May 2021: Prices bounce around in winter lead-up

Leann Dax, 25/05/2021

Yarding 2958 Change 898

Cattle prices bounced around in the lead up to winter in a bigger yarding of 2958.

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

The price lift was most noticeable for light weight steers 330-400kg  with prices jumping 18c/kg. Herefords made to 510c while  Angus steers topped at 518c/kg.

Steers 280-330 kg found strong support from feedlots and back grounders selling at 480-548c/kg.

The lightweight  heifer portion attracted solid bidding from agents and commission buyers to average 509c/kg.

Feeder steers 400-500kg sold to strong demand depending on breeding. There were isolated sales to 490c however, most sold from 440-486c/kg.

Feeder heifers held their ground with most buyers eager to acquire numbers. Prices were 5c dearer making from 396-468c/kg.

Trade heifers were few and prices were in line with last week’s rates selling at 400c to 454c/kg.  There were too few trade steers to quote with the top pen making 473c/kg.

A seasonal shortage of bullocks meant prices lifted 12c selling from 374 412c/kg. Heavy steers suitable for processors improved 2c making from 360c to 418c/kg. Well-bred heavy young  steers were keenly sought by feedlots with prices 5c dearer to average 436c/kg.  Heavy heifers with shape sold at 375-416c/kg.

The cow market sold to weaker southern competition and prices generally eased 4-10c/kg. Heavy cows sold from 286c to 335c with a single isolated sale to 340c/kg. The middle run made from 260-322c/kg. Store cows sold from 268-310c/kg.

To view full NLRS report click here

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