Wagga sale 20 Aug 2018: Sell-off hits prices

Leann Dax, 21/08/2018

Yarding 3115 Change -1149

The sell-off of light weight cattle at Wagga hit prices hard. Rates varied amongst categories, with rates falling up to 40c and more in places despite the smaller offering 3100.

Supplies of lighter weight weaner cattle are beginning to suffocate rates, with feedlots and restockers still unsure of the season. Lighter weight feeder steers 280-320 were hardest hit dipping 40c selling at 220-255c/kg. The next weight category 330-400kg slipped 17c, while medium weight steers 400-500kg eased 6c selling from 240-300c/kg.

Restocker interest faded on steers and heifers 200-280kg with prices falling 30-42c/kg.  Tasmanian stock agents helped keep a floor in rates. Steers returning to the paddock sold from 173-256c/kg. The heifer portion topped at 218c to average 196c/kg.

In the yearling trade steer market the best price recorded was 314c with sales above 290c/kg rare, only odd lots of supplementary fed stock made this money. The bulk of the steers sold at 255-302c/kg

Heifers suitable for the trade slipped 4c with competition weaker. Trade heifers 400-500kg made from 264-284c/kg. Lighter trade weights fetched from 228-270c/kg.

Vealers numbers declined and, buyers were forced into lighter weight categories.. The limited supplies sold from 220 up to 288c and up to 294c for a single pen of B muscled heifers.

Heavy steers 500-600kg sold to stronger competition due to the lack of supply. The bulk of the steers sold from at 255-293c/kg. There were too few bullocks to quote with the odd steer making from 277-284c/kg.

Agents offered just over 700 cows in a fairly mixed quality offering. The main runs of heavy beef cows were unchanged to a few cents dearer recording a top price of 232c to average 218c/kg.  Leaner types sold 10-15c cheaper selling from 90-138c/kg. Ends


For full NLRS report click here


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