Wagga Saleyard Report – Cattle

Wagga Saleyard Report – Cattle

Detailed Saleyard Report – Cattle
Market information provided by MLA’s National Livestock Reporting Service
Wagga report date 01/07/2019  comparison date 24/06/2019
Yarding 2015 Change -1185

Decent rains across the supply area contributed to a big decrease in supply. Rain has put weaner cattle prices back on track, and while the
weather will dictate the market, restockers were inspired, lifting secondary weaner heifer prices significantly over light weight categories.
Quality once again was mainly plain, with the bulk of the cattle under 500kg. Trade cattle were in short supply, although there were a few
excellent pens of supplementary fed steers and heifers, along with some young cattle finished off crops weighing under 400kg. Feedlot buyers
were present and operating over all categories. Heavy steer and bullock numbers traditionally contract mid-winter, with only a few pens
offered. Cow numbers declined notably, which strengthened prices significantly.
Prices were up for domestic processor cattle, amid reports processors are experiencing difficulty sourcing well finished stock. The good quality
selection of vealers resulted in bidding pushing prices over 340c to average 339c/kg. Trade steers sold to solid demand for the limited number
to average 321c/kg. Trade heifers benefited from the excellent supplementary fed portion, resulting in a dearer trend of 26c, the bulk making
from 276c to 350c/kg. There were only limited lines of well-bred light weight weaner steers which resulted in restockers, commission buyers
and agents buying with caution. Weaner steer weighing 200-280kg sold 6c to 13c cheaper, making from 240c to 320c/kg. The lighter weight
heifer sold 29c dearer to average 238c/kg. The usual buying group operated in the feeder steer market. The bulk of the medium steers were
unchanged, averaging 310c/kg. There was significantly stronger demand for feed steers weighing 330-400kg. The well-bred portion lifted 8c,
making from 282c to 328c/kg. Light weight feed heifers attracted a large field of buyers who were all eager for a market share. Prices were
pushed 9c higher to average 288c/kg.
Grown steers were in short supply. The C3 steers sold from 270c to 328c/kg. The cow market increased sharply driven by a shortage of stock.
Heavy cows gained 12c to average 242c/kg. The D2 and D3 cows sold to spirited bidding from the commencement of the sale, making from
167c to 254c/kg.