Markets

Wagga sale 2 May 2022: Market cheaper after break

Leann Dax, 03/05/2022

Yarding 2900 Change + 700

Cattle were cheaper at Wagga as the market reacted to the two weeks break and fewer buyers. The offering of 2900 was similar size to the market two weeks prior and quality was only fair over secondary lines.

In early sales demand was weak for secondary yearlings. Local and northern store orders were operating and weaner steers returning to the paddock sold to noticeably cheaper trends to average 687c/kg. With less numbers of quality secondary heifers on the market restockers found the going tough paying from 570c-658c/kg

The feeder steer market had less buyers operating resulting in cheaper price trends   Well-bred yearling steers were sought by a major feedlot but at cheaper rates of up to 23c/kg.  Medium weight steers 400-500kg averaged 559c/kg. Lighter weights met stronger demand from backgrounders and lot feeder’s prices ranging from 545c to 680c averaging 604c/kg.

Feeder heifer competition weakened 15c/kg with very few buyers prepared to chase the market. Heifers 330-400kg consistently made from 490-576c/kg.

Trade cattle were few distorting rates. Steers and heifers sold from 430 and up to 595c/kg

Prices for heavy grown steers and bullocks sold to solid prices trends due to the seasonal shortage, to top at 474c, while the heavy steer portion to feed on recorded a top price 568c/kg.

The supply of beef cows remained similar 565  penned.  Most buyers operated in a firm market The better-quality beef cows made from 350- 384c/kg. Leaner grades ranged from 285-348c/kg.

Market reporter: Leann Dax

To view full NLRS report click here to visit NLRS website

 

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