Wagga sale 19 Sep 2016: Restockers drive lighter cattle prices higher

Widespread rain across the region disrupted supply, causing numbers to drop in a smaller yarding of 2,100 Rain inspired understocked NSW restockers who had the greatest influence over lighter weight categories, lifting rates 7-20c/kg. The better bred lines 330-400kg fetched 378-414c/kg to average $1478. Stronger demand from local restockers kept a solid floor in the heifer portion, with rates generally firm to 4c/kg easier selling at 354-388c/kg. Bidding from restockers helped keep feedlot rates steady as competition for well-bred lines intensified. Lighter weight feeder steers 330-400kg were unchanged to average 380c/kg. Medium weight feeder steers were well supplied and demand…

Source: Beef Central
Wagga sale 19 Sep 2016: Restockers drive lighter cattle prices higher