Wagga cattle report, December 2 2019

HAMMER FALLS: Action from the sale ring at Wagga Livestock Marketing Centre.
HAMMER FALLS: Action from the sale ring at Wagga Livestock Marketing Centre.

BIG numbers of cattle sold at Wagga on Monday with 5680 head going under the hammer on Monday.

Ongoing dry conditions have prompted a continued sell off of all categories of cattle.

According to Meat and Livestock Australia's National Livestock Reporting Service quality across the yarding was quite good, with plenty of cattle suitable for trade and export buyers, along with a very good selection of yearlings to suit lot feeders and restockers.

Prices for secondary cattle bounced for most classes.

Price gains of 4c were recorded for trade steers and heifers.

Trade heifers sold from 242c to 282c while trade steers averaged 289c/kg.

Light weight steers sold to strong bidding from southern Victorian restockers which resulted in a dearer trend of 10c/kg. The well-bred lines made from 265c to 305c/kg.

Heifers returning to the paddock were unchanged averaging 245c/kg.

Prices for feeder steers lifted, with major feedlots keen to acquire stock. Feeder steers made from 250c to 317c/kg.

Feeder heifers were unchanged to 8c higher making from 246c to 286c/kg.

Heavy bullocks sold down to 252c but generally were 12c dearer to average 294c/kg.

Heavy C3 steers made 238 to 305c/kg. Despite a fair to good quality offering the cow market lacked competition and prices slipped 14c to 19c/kg.

Not all buyers operated while others avoided bidding duels.

Heavy cows sold from 215c to 242c/kg. D2 and D3 types made 191c to 218c/kg. Younger store type cows sold from 180c to 223c/kg.

The last cattle sale at Wagga Livestock Marketing Centre for 2019 will be on Monday, December, 16.

PORK SHORTAGE DRIVES BEEF DEMAND: In recent weeks, acute pork shortages and surging retail prices in China have kicked several global beef indicators.

The supply implications of African Swine fever have been widely discussed as the disease has spread and become endemic across China - the world's largest producer, consumer and importer of pork.