Markets

Wagga sale 14 Sep 2020: Feedlots push trade cattle dearer

Leann Dax, 15/09/2020

Yarding 2500 Change -100

Cattle prices continue to vary at Wagga in a smaller offering of just over 2600.

Quality was not the standard of previous weeks with less finished yearlings suitable for the trade. Despite this there was a lot of weight in the yarding with two thirds of the offering weighing above 400kg.

The pick of the veal equalled last weeks rates making from 370-410c/kg. Veal with less finish sold mostly to feedlots.

Trade steers benefited from solid demand from feedlot buyers which resulted in a dearer trend of 13c/kg. A pen of European steers recorded a top price 420c with the bulk averaging 404c/kg.

Trade heifers were in reasonable supply and buyers very selective trying to avoid over conditioned types. This resulted in a cheaper trend of 7c the bulk selling from 330-393c/kg.

Feed heifers were in reasonable supply and a few more orders contributed to a dearer trend of 7c for heifers weighing 400-500kg. The main lines of heifers sold at 340c to 403c/kg.

Feeder steers sold to weaker demand with buyers rarely bidding over 405c/kg. The bulk of the medium weights slipped 6c selling from 350-414c/kg.

Heavy steers were well supplied, and quality was excellent.  The national Livestock Reporting Service quoted prices 13c cheaper making from 330-393c/kg. Bullocks were in short supply and regardless rates dipped 13c partly due to aged steers being discounted. Bullocks sold at 330-372c/kg.

There was weaker demand for heavy cows with one major processor taking a step back. Heavy cows sold 12c cheaper making from 284-305c/kg. Leaner types were few selling at 270 to 284c/kg.

To read full NLRS report click here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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