Blog Post

Wagga sale 3 July 2023: Backlog deters exporters

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Numbers fell by more than 1,000 head at Wagga on the back of last week’s significant price correction.

The tone of the market was dull, particularly for well finished export cattle.

Key exporters were missing in action due to the backlog of stock on forward contracts.

Heavy steers and bullocks mostly sold to a major Wagga exporter, with very few buyers even bothering to tender a bid.

Prices dipped 15c with Bullocks selling from 225c to 270c/kg.

Heavy steers sold from 225c to 300c/kg. Trade steers and heifers were few and the bulk sold from 220c to 366c/kg.

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