Markets

Wagga sale 30 Jan 2023: Exporters chase autumn feeders

Leann Dax, 30/01/2023

Yarding 1560 Change -640

The Wagga cattle market opened with more drive this week in a significantly smaller yarding of just 1560.

Price gains were recorded for yearling feeder steers as exporters stepped up to put some numbers away for the autumn feeding period.

The volume buyer for feeder steer was Jindalee feedlot. Prices jumped $30 or on average 12c/kg at the top end of the sale, with the market hitting a high of $1854.

Feeder steers 330-400kg were in limited supply gaining 16c to average 405c/kg.

Medium weight feeder heifers 400-500kg struggled to impress feedlot buyers, with prices easing 8c to average 361c/kg.

Lighter weight feeder heifers found traction gaining 3c averaging 366c/kg.

Trade cattle were few and buyers struggled to make a start amongst the plainer quality.

The best trade cattle sold from 330c to 390c with a single steer to 404c/kg.

In the export market prices moved sideways over the mixed offering. Not all export or domestic buyers tended bids,

Heavy steers were unchanged making from 320c to 374c, with a single pen of steers weighing 505kg topping at 400c/kg.

Bullocks were few selling at 364c to 372c/kg.

Agents could only manage to muster 264 cows as producers hold back due to the big price correction last week.

Heavy cows sold firm to 3c better. The bulk selling from 240-310c/kg.

Market reporter: Leann Dax

Click here to view full report on NLRS website

 

 

 

 

 

 

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