Markets

Wagga sale 7 September 2020: Market eases after August rises

Leann Dax, September 8, 2020

0Yarding 2700 Change -380

There were no price gains in the smaller yarding of 2700 at Wagga. Adding to the mix was less export and domestic processors in attendance.

After reaching record levels last month prices came off the boil across trade, export and feeder categories along with a notable softening for restocking steers.

In the trade market domestic buyers could not match feeder steer prices and rates slipped 11c with the bulk of the steers 400-500kg averaging 394c/kg.

Trade heifer prices fluctuated when a major domestic processor became more selective trying to avoid over conditioned types. Heifers suitable for the trade were mostly unchanged averaging 382c/kg.

Store steers returning to the paddock slipped 11-13c with steers 330-400kg averaging 428c/lg or $1436.

Heifers to the restockers held firm making from 401c to 434c/kg to  average   423c/kg

Feeder steers were well supplied with plenty of well-bred lines on offer. In the past few weeks prices have begun to ease each weekly and this week was know exception, with rates down 8c for the medium weights to average 400c/kg. Lighter weight slipped 9c making from 375-441c/kg.

Feeder heifers sold 7c cheaper making from 340c to 398c/kg.

Quality heavy steers 500-600kg to fit domestic orders were in short supply and despite the limited numbers prices slipped 11c making from 340-394c/kg. Bullocks were limited and competition weak which resulted in a price drop of 18c to average 366c/kg.

In the cow market not, all processors attended or operated fully. Heavy cows were unchanged making from 280-320c/kg. leaner grades dipped 10c selling at 270-292c/kg.

To read full NLRS report click here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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