Markets

Wagga sale 14 March 2022: Prices lift with season

Leann Dax, 15/03/2022

Yarding 2900 Change 250

Further price lifts have been recorded at Wagga as the market gains momentum from record peaks earlier in the year.

The season remains the biggest influence on cattle values, and in recent weeks price trends have been driven up, where an abundance of feed and water have given producers confidence to hold back stock.

Light weight steers returning to the paddock came under pressure from a large contingent of local restockers. Steers returning to the paddock surged ahead 50c selling from 610c to 808c, while the heifer portion topped at 768c/kg.

Lighter weight feed steers 330-400kg  sold 60c dearer making from 540-655c averaging $2319 per head.

Interest in feed heifers increased as bidding intensified driving rates up by 3c/kg. The bulk selling from 508-588c/kg.

The best trade steers and heifers to suit domestic processors made from 460-573c/kg.

Prices remained strong for heavy steers  500-600kg selling to 540c for the European portion, while other sales ranged from 430-514c/kg. Heavy bullocks were few and prices were unchanged to average 450c/kg.

It was a mixed quality offering of cows, and more buyers were operating  Heavy cows jumped 15c consistently making from 372-401c/kg. The middle run of D2 and D3 types gained 20c to average 359c/kg.

 

Market reporter: Leann Dax

To view full NLRS report click here

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