Wagga sale 7 August 2023: Prices dip as numbers lift

Leann Dax, 07/08/2023

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At Wagga cattle prices dipped as numbers lifted to 4300. The market showed notably lower price trends, with some young cattle under 300kg hit hard.

Rates for young weaner steers and heifers dipped 15c to 20c/kg, with very few buyers interested in purchasing the light weight portion.

There was a mixed selection of vealers in some weight ranges and prices trended lower particularly for the lighter weights. The bulk of the vealers made from 220-314c/kg.

Some of the price falls were notable, with grassy heifers well supplied and bearing the brunt of weaker competition from processors. Prices slipped up to 10-30c with the bulk of the trade heifers selling from 240-280c/kg.  Trade steers 400-500kg sold unchanged to average 305c/kg.

Feeder steers traded to the usual group of buyers and demand was weak for all types of coloured cattle, resulting in price drops of 10-20c/kg common. Medium weights 400-500kg selling from 250c to 360c/kg. Lighter weights were limited selling from 245-362c/kg.

In contrast the feeder heifer market sold to solid  competition for the medium weights 400-500kg. Generally prices were unchanged to a few cents better to sell from 250-300c/kg.

After  price reductions in recent weeks, bullocks recorded cheaper rates of up to 23c/kg. Major buyers were reluctant to push rates, with reports there was plenty of stock coming direct to works. Bullocks 600kg plus sold at 250-275c/kg. Heavy steers 500-600kg  to the processors sold 10-20c cheaper with the market lacking direction and intensity. The better shaped steers made from 250-270c/kg.

In the cow market prices for heavy types was unchanged. Heavy cows fetching 240-268c. Leaner types were in reasonable supply however, rates dipped 10c-15c/kg.  Leaner grades made from 160c to 200c/kg.

Market reporter: Leanne Dax

Source: NLRS Click here to view full Wagga report on NLRS website.


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