Markets

Wagga sale 22 Oct 2018: Northern rain pushes prices higher

Leann Dax, 23/10/2018

Yarding 5000 Change 1300

Rain in the north drove rates higher at Wagga in a bigger yarding of 5080.

The light weight weaner steers and heifers have added to last week’s rate hikes with prices up to 50c dearer. Northern restockers pushed prices and paid premium rates for Angus steers and heifers. The bulk of the weaner steers making from 245-330c/kg. Store buyers average outlay was 40c more for the heifer portion paying from 220-268c/kg.

Demand for well-bred steers 330-400 kg outstripped supply, with prices up to 15c/kg dearer. Overall rates lifted 10-13c making from 260-311c/kg. Heavy feeder steers 400-500kg sold to stronger demand from northern feedlots lifting 10c to sell at 260-303c/kg.

Feeder heifers 330-400kg was keenly sought on the day with increased aided by increased competition. Rates were pushed 6-11c higher. The main line of heifers sold from 238-271c/kg.. Heavier feeder heifers gained 11c making from 236-265c/kg.

In the trade market yearling steers and heifers suitable to slaughter were limited. Trade steers sold 2c dearer making from 280-298c/kg. Trade heifers sold to steady demand benefiting from solid competitor from feedlots. Heifers to slaughter gained 2c making from 245-284c/kg.

Heavy steers and bullocks tracked 10c-13c dearer, with northern buyers struggling to acquire numbers.  Heavy steers 500-600kg averaged 292c while bullocks sold from 280-300c/kg.

The highlight of the sale was the cow market, with agents yarding 1250. Northern companies once again were the market drivers lifting heavy cow rates 5-6c/kg. The better finished types sold at 222-256c/kg. Leaner grades gained 5c pushed along by understocked restockers in the north. Lean cows topped at 233c to average 200c/kg. Increased store orders saw prices fluctuate, with the younger cows making from 150-186c/kg. Ends…

To view full NLRS report click here

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