Markets

Wagga sale 4 June 2018: Buyers unwilling to push rates

Leann Dax, 05/06/2018

There were signs this week in a similar sized yarding of 3500 that buyers are unwilling to push rates, with secondary cattle showing mixed price trends.

Bidding generally flat lined for feeder steers 400-500kg with prices easing 3c/kg. The bulk of the steers made from 225-300c with an odd sale to 301c/kg. Lighter weight steers 330-400kg firmed making from 248-301c/kg.

There were some positive results recorded for feeder heifers with increased competition lifting rates 5-7c dearer.  Heifers 330-400kg sold at 235-282c, while heavier feeders averaged 279c/kg.

There was little movement in early sales for weaner steers with the market continuing to hold at last week’s rates. Steers 200-280kg returning to the paddock, fetched 216-294c/kg to average $647.

Weaner heifers sold to patchy demand with the plainer shaped heifer making from 110-180c/kg. Well-bred lines sold from 215-246c/kg.

Trade steers were limited with insufficient numbers to quote. The few steers to slaughter sold from 275-282c/kg.

Heifer suitable for the trade was keenly sought and the top heifers supplementary fed reached 294c/kg. Other sales ranged from 250-286c lifting 9c/kg.

There wasn’t a big selection of heavy steers and bullocks but all sales trended dearer. The heavy steers and bullocks sold 4-8c dearer, most selling from 258-285c/kg.

The cow market was firm to a few cents cheaper for the middle run of leaner types. A southern processor was absent this week, which caused prices to drift 3c for the D3 and D2 lines. The bulk sold from 140-186c/kg. Heavy cows made from 188-221c/kg. Ends….

 

 

HAVE YOUR SAY

Your email address will not be published.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Contributions that contravene our Comments Policy will not be published.

Comments

Get Beef Central's news headlines emailed to you -
FREE!