Markets

Wagga sale 12 August 2024: Seasonal offload pushes numbers to 3515

Leann Dax 12/08/2024

Yarding 3515 Change  225

The season at Wagga remains precarious as producers continue to offload significant numbers of lighter-weight cattle in a larger yarding of 3,515.

The quality of the cattle on offer varied widely, ranging from outstanding to secondary across the board. There was also a few big runs of grain assisted stock.

A major export buyer returned to the market after a lengthy absence, showing strong demand for all types of Angus cattle.

Restockers were also present, though competition was sometimes inconsistent, with backgrounders absorbing many of the lighter-weight cattle.

Lightweight steers destined for the paddock sold for 350c to 426c, averaging $952 per head. Back ground steers in the 280 to 330kg range saw a significant jump of 25c, trading from 285c to 369c/kg. While medium-weight feeder steers were well-supplied, competition softened, causing prices to drop by 14c, with sales ranging from 330c to 422c/kg. Lighter weights 330 to 400kg also dipped by 12c, selling between 294c and 405c/kg. Feeder heifers experienced weaker demand, leading to price declines of 13c to 27c/kg, with medium weights selling from 320c to 368c/kg. In the trade market, the number of well-finished stock increased, with steers and heifers trading between 320c and 405c/kg.

The export market saw solid competition, although older stock faced significant discounts. Heavy steers for processors sold 10c cheaper, ranging from 326c to 412c/kg. Bullocks from the Riverina sparked competitive bidding, topping at 396c and averaging 373c/kg. Cow numbers dropped dramatically to just 475 head. Heavy cow prices remained firm, selling from 305c to 340c/kg, while leaner grades held steady, ranging from 220c to 306c/kg.

Market Reporter: Leann Dax

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

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