25 May Wagga Detailed Saleyard Report – Cattle
Detailed Saleyard Report – Cattle
Market information provided by MLA’s National Livestock Reporting Service
Wagga report date 25/05/2020 comparison date 18/05/2020
Numbers declined moderately. The standout of the sale was the lack of weight, with most stock weighing less than 360kg. A dearer export
market last week drew out a few more heavy steers, heifers and bullocks. Vendors weren’t disappointed with bullocks igniting the bidding. An
example of this was 6 tooth steers weighing 777kg, making 385c/kg.
There was higher demand for light weight secondary weaner steers and heifers, with restockers and back grounders the market drivers. Young
weaner steers, 200 to 280kg, lifted 28c selling from 400 to 526c/kg. There were a few more store and feedlot orders in place for secondary
heifers. The market surged 42c for the 200 to 280kg portion to average $1,114/head. Secondary steers suitable to feed-on sold to a small
group of buyers with major feedlots attending but not all operating. Medium weight steers, 400 to 500kg were unchanged making from 375 to
415c to average 406c/kg. Vealers were limited and prices were like last week’s rates with the better finished calves making from 390c to
428c/kg. There were insufficient trade heifers to quote. The limited few made from 395c to 396c/kg. The pressure of tightening trade supplies
and steady feedlot competition saw medium weight trade steers jump 20c, making from 385c to 438c/kg.
Both export and domestic buyer competition ramped up significantly with prices bouncing 15c to 25c/kg. Heavy grown steers reached a top
price of 395c to average 386c/kg. Heavy bullocks were keenly sought by two major export companies which pushed prices to 400c/kg. The
bulk of the bullocks sold from 355c to 395c/kg. Heavy heifers with shaped recorded a top price of 382c to average 367c/kg. The cow market
gained traction overall categories. Heavy cows sold 8c dearer making from 296c to 328c/kg. Leaner grades were keenly sought by processors
and restockers. The better covered lean cows made from 278c to 308c/kg.