Wagga sale 6 June 2022: Market lacking direction into winter

Leann Dax, 07/06/2022

Yarding 2270 Change  100

The Wagga cattle market has gone into winter lacking direction with prices fluctuating mid-sale in a yarding of 2270.

The cattle sale was solid in parts. Extreme weather on the east coast has impacted some markets, while in the south processor capacity is being affected by worker shortages, leaving some buyers high and dry.

In the trade market yearling heifers were the only stock showing finish. The bulk selling from 480c to 520c to average 500c/kg.

There was moderate lift in rates for feeder steers  330-400kg with prices 3c dearer selling from 520-695c/kg. Medium weight feed steers were unchanged selling from 520 to 632c/kg. Feeder heifers sold to weaker competition, with less orders in place. Light and medium weights sold 11c to 15c cheaper making from 480-572c/kg.

Most domestic and export processors did not operate in the export run for steers and the effects were immediate with rates drifting  lower for aged stock. The limited supply made from 420c to 520c/kg. Heavy steers suitable to feed on bounced 40c  with several feedlots  clashing for a market share. The bulk sold from 500 to 596c/kg. Heavy heifers with shape jumped 30c  selling from 455 to 520c/kg.

In the cow market all processors operated except for two. Heavy well finished cows gained 10c making from 360-390c/kg. The bulk of the leaner types were firm making from 310-376c/kg.

Market reporter: Leann Dax

To view full NLRS report click here to visit NLRS website



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