Markets

Wagga sale 6 May 2019: Mixed priced trends

Leann Dax, May 7, 2019

Yarding 3600 Change -1300

Despite widespread rain across the supply area prices were mixed at Wagga as numbers lifted to just over 3600. The market showed mixed price trends, with young cattle to restockers softer but cattle to export processors solid.

Some of the export prices were dearer. For example the best of the heavy steers 500- 600kg gained a few cents topping at 310c/kg making from 295-306c/kg

Feeder steers sold to a larger group of buyers and rates lifted 10c-19c/kg. Feedlots dropped down in weight paying up to 321c for Angus steers weighing 280-330kg. Steers 330-400kg gained 10c to average 306c/kg. Medium weight feed steers sold 4c dearer making from 240-318c/kg.

In contrast feeder heifer prices dipped 11c due to the limited supply of Angus heifers. Feed heifers 330-400kg sold at 230-291c/kg.

Rates for top trade weight slaughter steers was firm, with domestic processors reluctant to push much beyond 300c/kg for grass finished and supplementary fed yearlings. The better finished steers made from 275-305c/kg.

Trade heifers were again well supplied, with feedlots cementing a floor in rates. The main run of medium weight heifers sold 19c cheaper which was quality related to average 251c/kg.

Vealers were limited with the mixed selection of vealers trended cheaper particularly the lighter weights. British breeds and there crosses sold from 230-290c/kg.

Heavy cow rates slipped 7c making 198-238c/kg. Leaner types lacked yield and sold to erratic price trends, making from 128-212c/kg

To view full NLRS reportĀ click here

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