Markets

Wagga sale 5 Nov 2018: Price fluctuate in bigger yarding

Leann Dax, 06/11/2018

Yarding 6080 Change -165

Prices continued to fluctuate in a bigger yarding at Wagga of 6080. The market struggled to find a base amongst secondary categories amid the very tough seasonal conditions.

Demand from restockers varied depending in part on rainfall and seasonal conditions in other regions. But as a rule restockers were constrained.  The bulk of the steers 200-280kg sold 44c/kg lower averaging $579.00

The heifer portion continued to follow the same theme dipping 33c making from 160-260c/kg.

There were very few good quality domestic trade steers with feedlots absorbing better finished types. Well finished steers 400-500kg sold from 260-280c/kg.

In the heifer run the overall pattern for the better shaped and finished types was cheaper by 4c to average 254c/kg.  Trade heifers showing the effects of the dry season sold down to a low of 200c/kg.

The best price for vealers was 285c while C muscled heifers also sold to 285c/kg.

In the export market limited supplies came into play and produced stronger outcomes. Bullocks gained 5c making from 276-280c/kg. Heavy steers 500-600kg sold 9c dearer making from 250c to 284c/kg. Heavy heifers with shape sold at 242-275c gaining 5c/kg.

In the cow market prices softened 3-8c/kg Heavy cows made from 215-240c/kg. Leaner types were in greater supply giving companies an opportunity to pull rates back 9c/kg.  The main run of medium weight D2 and D3 made from 146-215c/kg.

To view full NLRS report click here

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