Markets

Wagga sale 8 July 2024: Prices rise with smaller yarding

Leann Dax 08/07/2024

Yarding 3190 Change  -455

Today, the classic law of supply and demand was in full force, resulting in a price surge amid a smaller yarding of 3,190 at Wagga.

The quality of the offerings was typical for winter, with a few pens of grain-assisted yearlings standing out.

The usual export and domestic buyers were at the rail along with a few more restockers most operating on behalf northern NSW clients.

The export market was the star performer, with strong prices achieved for bullocks and cows. Heavy bullocks saw a notable increase of 74c, selling between 330c and 380c/kg. Heavy steers jumped by 29c, reaching prices from 295c to 374c/kg. Heavy heifers also made gains, adding 20c topping at 364c to average 338c/kg.

The feeder market saw medium-weight steers gain 31c, selling from 330c to 399c/kg, with buyers chasing weight. Medium weight feeder heifers improved by 18c, trading between 290c and 348c/kg

Domestic processors were keen on securing well-finished yearling steers and heifers, which led to a price increase of 15c to 30c/kg with buyers paying a premium for grain assisted stock. Most sales ranged from 280c to 395c/kg.

In the cow market, prices rose as the sale progressed with dearer rates achieved for good clean cows weighing more than 700kg. Heavy cows  saw an uptick of 30c to 35c selling between 280c and 308c/kg, while leaner types ranged from 208c to 275c/kg.

Overall, today’s sale demonstrated strong demand across various categories, underscoring the impact of limited supply and the continued strength of the export market.

Market Reporter: Leann Dax

 

Source: NLRS Click here to view full Wagga report on NLRS website.

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