Markets

Wagga sale 11 Apr 2022: Softer rates in smaller pre-Easter yarding

Leann Dax, 12/04/2022

Yarding 2200 Change -1550

The season  and looming Easter holiday break is continuing to be the major influence on prices and competition.

Wagga agents yarded  a smaller yarding and most grades showed a softening in rates

Prices for feeder cattle weakened  with feedlots only in pursuit of well bred stock, with some types not attracting all major buyers.

Heavy feeder  steers 500-600kg sold to a smaller group of feedlot buyers with prices slipping  25c/kg.

Buyers paid from 440-540c/kg  to spend an average of $2714.

Feeder steers 400-500kg lost traction falling 10c  selling from 500-623c, while the lighter weights recorded a top price of 618c/kg.

Feeder heifer numbers were back, and quality was very good which meant  prices edged up 2c to 4c/kg.

Rates ranging from 520-600c/kg.

In the trade market, steers and heifers both benefited from strong feedlot and domestic processor competition.

Prices were unchanged to a few cents cheaper with the heifer portion selling from 466-560c, while trade steers topped at 580c/kg.

There was an excellent selection of vealers in the trade offering which resulted in a price spike of 20c/kg.

The pick of the vealers sold from 560c to 616c/kg.

Heavy steers and bullocks lacked processor demand from southern processors  which was reflected in cheaper trend of 10c/kg.

The bulk of the steers made from 430 to 524c/kg.

There were just over 300 cows, and most were well finished.

Heavy well finished cows sold to a small group of buyers selling 20c cheaper.

The bulk made from 344c to 372c/kg.

The middle run of leaner types sold from 280-350c/kg.

Market reporter: Leann Dax

To view full NLRS report click here to visit NLRS website

 

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