Steady NSW and Victorian restocker competition helped underpinned demand for weaner steers and heifers at Wagga on Monday.
Less processor and feedlot bidding meant most yearling categories showed easier price trends.
Young vealers and yearlings were pushed along by backgrounders and restockers, while slaughter cattle varied according to quality.
The market seemed to lose some heat, with easier prices trends over some yearling categories. There were signs at the market that feedlots are for the moment, not prepared to keep pushing the market upwards, particularly at the plainer end of those categories.
The cheaper trend was obvious at the commencement of the sale with only two export processors operating, while feedlot competition was selective easing 3c/kg for the feeder steer portion.
The red-hot cattle market continued to fire this week in a larger yarding of 4,700.
Light weight store cattle rates softened due to fewer restocking orders in place. Light weight straight bred weaner steers, 200-280kg returning to the paddock made from 320c to 396c/kg. Plain-quality steers sold down to 318c, while the better conditioned heifers to the paddock ranged from 314c to 368c to average 354c/kg.
The approaching abattoir shut downs for the annual Christmas break placed pressure on the market. Young cattle destined for domestic and export abattoirs experienced a rate rise 7-20c/kg
Warm conditions and plainer quality eroded prices at the top end in a similar sized yarding of 3,900 cattle at Wagga.
Teys Australia’s Wagga Wagga plant will shortly start processing both grainfed and grassfed cattle for the premium European Union beef export market, having gained EU-accreditation this week.