Markets

Wagga sale 8 Mar 2021: Feeder cattle prices lift

Leann Dax, 09/03/2021

Yarding 2795 Change 695

The season is continuing to be the major influence ahead of robust demand from feedlots.

Wagga agents yarded a bigger yarding of 2785 and most grades showed improvements in rates.

Prices for feeder cattle shifted up with feedlots relentless in their pursuit of well bred stock, with one backgrounder dropping into lighter weight classes. A performer was feeder steers 500-600kg with prices bouncing 11c/kg.

Buyers paid from 415-450c/kg to spend and average of $2240.

Feeders steers 400-500kg picked up a few cents selling from 415-474c, while the lighter weights recorded a top price of 538c/kg. Feeder heifer numbers were back, and quality was very up and down which meant prices remained in a holding pattern. Rates ranging from 415-475c/kg.

In the trade market, steers and heifers both benefited from strong feedlot and domestic processor competition.

Price rallied 20c with the heifer portion selling from 360-490c, while trade steers topped at 486c/kg.

Heavy steers and bullocks were keenly sought by southern processors and feedlots which was reflected in dearer trends 13c/kg. The bulk of the steers made from 355 to 420c/kg.

There were just over 670 cows, and most were well finished. Heavy well finished cows gained 5c selling from 300-332c/kg. The middle run of leaner types sold from 265-305c/kg.

To view full NLRS report click here

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