Wagga sale 31 July 2017: Mixed price trends for 2900 head

Leann Dax, 01/08/2017

The sale produced mixed price trends in a yarding of 2900.

The trade market struggled to find a stable base due to a combination of seasonal variations, a glut of box meat and consumer resistance at the shop front.

In the trade market buyers pulled back for medium weight steers and heifers 400-500kg, with sales showing a drop in rates of 8c/kg. An example of this was well finished heifers which dropped to a low of 270c before recovering later in the sale. The bulk of the heifers 400-500kg made from 270-300c/kg. Trade weight steers remain fairly limited and prices topped at 334c to average 310c/kg.

The drying season and shortage of lighter trade weights did ignite the bidding on 130 grain assisted heifers and steers. Buyers paid from 330-358c/kg.

Scarcity for well-bred secondary cattle lifted rates in the feeder market by 7c/kg. Steers 330-400kg made from 280-341c/kg. Medium weight feeder type steers were in demand from both processors and feedlot buyers and were unchanged to a few cents dearer selling at 280-337c/kg.

Weaner steers back to the paddock met with stronger demand due to a shortage of the right cattle. Light weight steers 200-280kg topped at 395c to average 360c/kg.

The winter export market continued to hold its ground as the dry season keeps a lid on numbers. Heavy steers were unchanged making from 270-306c/kg. Younger and heavier bullocks were 2c dearer making up to 287c to average 283c/kg.

A line up of 550 cows sold to strong competition, with buyers eager to secure well finished heavy types. Heavy cows were unchanged making from 244-260c, while leaner grades sold at 200-245c/kg.


Your email address will not be published.

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.


Get Beef Central's news headlines emailed to you -