Markets

Wagga sale 15 Oct 2018: Rain precipitates price rally

Leann Dax, 16/10/2018

Yarding 3700 Change -1300

The price rally after recent rain was maintained at Wagga Wagga. More than 3700 cattle were yarded. Price results over all categories lifted as buyers struggle to find supplies.

There was high demand for light weight secondary weaner steers, with restockers from two states dominating this category. Young weaner steers 200-290kg returning to the paddock regularly made from 230-291c lifting 24-50c/kg.

The greater price lift was for lighter weight store heifers, with rates jumping 60c to average 247c/kg.

Vealer prices were mostly dearer to record a top price of 290c for a pen of European cross steers. There were several sales throughout the market where prices rose above 270c/kg.

The increased demand from the north for well finished heifers caused prices to lift 4c/kg. Medium weight heifers to slaughter sold from 240c to 278c/kg.

A combination of tightening trade supplies at other selling centres due to wet conditions and less steers on feed, pushed prices 10c/kg higher. The better finished trade steers made from 285c-292c to average 289c/kg.

There was a price lift of 4c for heavy steers 500-600kg, with export buyers not prepared to push rates to hard. Heavy grown steers reached a top price of 290c which was one of two isolates sales above 285c/kg. The general run of steers sold at 270-288c/kg. Heavy bullock was limited and all steers were well finished selling from 265c-296c/kg.

A high point of the export market was heavy cows owing to northern processors dominating the market. Heavy well finished types topped at 248c to average 231c across the board.  Other sales of D3 and D2 cows sold 24-30c dearer making from 160-228c/kg.

To view full NLRS report click here

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