25 May Wagga Detailed Saleyard Report – Cattle
Detailed Saleyard Report – Cattle
Market information provided by MLA’s National Livestock Reporting Service
Wagga report date 14/05/2021 comparison date 17/05/2021
Dry conditions and exceptional prices lifted numbers considerably. There was a small selection of trade cattle which did distort price trends in certain categories. Heavy export numbers lifted with feedlots dominating this class and younger steers were in high demand. There was more competition from feeder buyers across most categories while restockers backed away and did not chase the market.
In the trade market quality was fair and numbers were limited. The pick of the vealers made from 455c to 510c/kg. Trade heifers sold to weaker demand with trade buyers unable to match feedlot prices. The bulk of the heifers to the trade sold 7c cheaper making from 405c to 434c/kg. Trade steers were limited averaging 456c/kg. Heifers returning to the paddock sold to a top of 535c/kg or the equivalent of $1237/head. The bulk of the steers under 330kg sold from 468c to 554c/kg. The pick of the light weight steers averaged 550c/kg. There was solid competition for feeder steers 400 to 500kg with prices 4c easier averaging 469c/kg. Feedlot buyers focused on steers under 400kg which resulted in a price lift of 18c to average 492c/kg. Feeder heifers sold to the usual group of buyers. Heifers from 330 to 400kg recorded a top price of 476c, averaging 462c/kg.
Not all processors operated in the export run. Bullock prices lifted 11c to average 399c/kg. Heavy steers sold 3c dearer making from 370c to 417c/kg. Demand increased for young feeder type steers from 500 to 600kg, with prices topping at 476c to average 436c/kg. Heavy heifers were in reasonable numbers and quality was very good. Score 4 heifers sold from 375c to 416c/kg. In the cow market, not all processors attended or operated fully. The market struggled to gain momentum and prices dipped moderately, making from 286c to 340c/kg. Leaner types were limited selling at 260c to 322c/kg.