Wagga sale 7 March 2022: Numbers lift to 2650

Leann Dax, 08/03/2022

Yarding 2650 Change 200

Bigger numbers at Wagga and less buyer activity with heavy rain over the past week.

Benefiting most were young store steers 280-330kg as restockers and feedlots went head-to-head for a market share.

The burst of buying activity led prices to lift making from 520c to 630c to average $2134 per head. Steers 400-500kg met patchy  demand and prices softened 5c to average 563c or the equivalent of $2544.

Restockers showed absolute confidence and pushed rates up by 61c for steers 200-280kg the bulk making from 710 to 804c/kg.

Feeder heifers’ prices were erratic, with one major buyer absent. The bulk of the medium weight feeder heifers sold at 462c to 570c/kg. Heifers 330-400kg averaged 561c/kg.

Trade steers were few averaging 500c/kg.

Trade heifers were in short supply and not all processors operated fully causing patchy competition. Prices slipped  4c making from 430c to 562c/kg.

Heavy steers met erratic competition from both processors and feedlots. Steers suitable to for processors dipped 23c  making from 416-468c/kg. Bullocks firmed as the sale progressed making from 416-466c/kg.

The cow market powered ahead driven by strong northern and southern demand. Heavy cows gained 16c making from 350-390c/kg. Leaner cows sold at 310-350c/kg. Store sows topped at 456c/kg.

Market reporter: Leann Dax

To view full NLRS report click here


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