19 Jul Wagga Detailed Saleyard Report – Cattle
Market information provided by MLA’s National Livestock Reporting Service
Wagga report date 19/07/2021 comparison date 12/07/2021
Numbers declined notably due to the extremely wet conditions across the supply area. Feedlots dominated yearling categories buying the bulk of the 400 to 500kg weight range. Domestic processors were not interested in chasing the market which resulted in very few purchases to the trade. Heavy steers weighing 500 to 600kg sold to solid competition from feedlots and processors. Restockers were also operating with northern and local buyers keen to purchase the lighter weights.
Price outcomes in the trade market were mixed due to the strong demand from feedlots and decline in quality. Trade steers made from 485c to 536c, with plainer types averaging 420c/kg. Trade heifers sold to weaker demand slipping 7c to average 460c/kg. Light weight secondary steers sold to a top price of 645c/kg to average $1,569/head. Secondary heifers weighing 200 to 280kg came under pressure from backgrounders and restockers resulting in a price lift of 55c to average 602c/kg. The quality in the steer run was very good with well-bred steers consistently making above 500c/kg. Prices for feeder steers weighing 400 to 500kg recorded a top price of 554c/kg to average $2,355/head. Lighter weight feeder steers gained 6c recording a top price of 594c/kg. Feeder heifers sold either side of firm with the medium weights averaging 470c/kg
In the export market, heavy steers improved 8c selling from 390c to 496c/kg. Bullock quality improved and so did prices, averaging 9c dearer and reaching a top of 450c/kg. Heavy steers and bullocks to feed ranged from 420c to 530c/kg. In the cow market, not all processors operated. Heavy well finished cows jumped 9c to average 366c/kg.