Markets

Wagga sale Apr 30: trade, export rates lift

Leann Dax, 01/05/2018

A shortage of well finished trade and export cattle lifted rates in a similar sized yarding of 5,150 cattle at Wagga.

The highlight of the sale was the export market when prices stepped- up another 4- 9c/kg. Young heavy steers, bullocks and heifers ignited the bidding with both export and domestic buyers keen to secure numbers. Heavy young steers 500-600 kg consistently made from 260-290c/kg. Aged steers were severely discounted making from 230-248c/kg. Grain-fed bullocks reached a top price of 288c to average 267c/kg. Meanwhile processors drove the heifer portion 9c higher selling at 221c-265c/kg.

Supply pressure built in the trade heifer run, due to the lack of finished trade steers. Trade heifers averaged 5c dearer making from 232c to 268c/kg.

Trade steers were limited and lacked quality of previous sales. The few better finished steers sold from 265-295c/kg.

The best price recorded for the limited number of vealer was 292c, while other sales ranged from 260-282c/kg. There was more interest from restockers and lot feeders for vealers lacking finish and rates lifted 3-5c higher.   Steers returning to the paddock fetched from 270-282c/kg.

Feeder steer competition picked up pace and prices for medium weight steers 400-500kg lifted 7c selling from 268-298c/kg. Lighter feeders steer rates were helped along by robust competition pushed rates up by 9c making from 258-298c/kg.

A reduction in supply of feeder heifers and more competition resulted in a gain of 20c/kg. Feed heifers sold from 240-274c/kg.

In the cow market rates strengthened 6c for higher yielding heavy beef cows. Heavy beef cows made from 185-212c/kg. Leaner grades were helped along by strong restocker demand looking to turnout cows. Lean cows to slaughter lifted 4c to average 160c/kg. Store cows sold to mixed price trends fetching 110-174c/kg cwt.

HAVE YOUR SAY

Your email address will not be published.

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Beef Central's news headlines emailed to you -
FREE!