Yarding 6550  Change -1260

Following the Easter holiday break numbers were not as high. The standout of the sale is a substantial reduction in weight compared to previous sales. Also noted is the sell off of lighter weight weaners due to the extremely dry conditions. Dry dams are now a common part of the farming landscape across the supply area. With rain in the north restockers travelled from Dubbo, Tamworth, Longreach just to name a few.

There were more feedlot orders in play along with the usual Processors. Demand from restockers and feedlots was significantly higher resulting in significant prices rises. One of the features of the market has been the heightened demand for lightweight steers, particularly from northern restockers. These cattle, weighing less than 300kg, have reaped significant interest, with prices ranging from an impressive 360-481 c/kg. The heifer portion also saw strong competition, topping out at 360c/kg, with certain breed attracting additional buyer interest and premiums.

Trade cattle in the 400 to 500/kg weight range  were in limited supply considering the number of cattle offered. The market saw prices fluctuate, with the bulk of cattle selling between 340-404c/kg. Vealers were in high demand selling from 380-432c/kg.

Feeder steers were keenly sought, although some buyers have struggled to find the weight they require. The bulk of feeder steers sold for between 356-434c/kg, gaining 14-30c/kg. Feeder heifers in the 340-400kg saw a lift of 4c/kg, selling within the range of 340-385c/kg. Once again, buyers are actively pursuing weight, underscoring the competitive nature of the market.

The export market faced challenges, particularly with a lack of heavier cattle. Heavy steers destined for processors sold between 356 to 420c, while bullocks engaged in lengthy bidding duels due to limited supply, with prices ranging from 365-416c/kg. Heavy cows have attracted a large field of buyers, leading to a price improvement of 22c, averaging 317c/kg. Leaner cows weighing under 520 kg sold within the range of 270 to 298c/kg. Meanwhile, store cows were well supplied, achieving prices between 292 to 316 c/kg for those with substantial weight.

Source: NLRS Click here to view full Wagga report on NLRS website.