Blog Post

Wagga sale 19 Feb 2024: Market stalls with reduced bids

Yarding 5700 Change -1650

In a smaller yarding of 5700 at Wagga, the market stalled as buyers offered considerably reduced price levels compared to previous sales.

While there were bursts of bidding across yearling steer categories, the pre-requisite was that the steers had to be very well-bred.

Although all the typical buying groups were present, a few key exporters were cautious in their bidding.

The absence of a major player in the feeder steer market at the sale led to a downward trend in prices.

Feeder steers underwent a price correction of 10c to 20c/kg, particularly affecting the…

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