Yarding 3205 Change -895

The recent rain led to a notable drop in cattle numbers, impacting market dynamics. The quality of the cattle on offer was mixed, with a noticeable absence of lines of well-bred Angus weaners and yearlings, which affected price averages. Supply of light-weight cattle was limited, making it difficult for restockers. The usual domestic and export buyers were present at the sale, with most actively participating. However, there was a decline in feeder orders compared to previous weeks, resulting in a market characterized by mixed outcomes across various categories. Steers returning to the paddock were headed for locations like Cobar, Bathurst, and Coonamble, among others, while other stock was purchased by locals. Trade steer and heifer numbers saw an uptick, with some stock being grain-fed

Domestic buyers showed increased interest, particularly for the better-finished types, with the bulk of sales occurring between 480-564c/kg. Light-weight steers returning to the paddock, weighing 200-280kg, lifted by 34c to average $1481/head. Meanwhile, steers in the 280-340kg range experienced strong competition, selling for 470-640c/kg, a rise of 24c/kg. Light-weight feeder steers saw a decline of 11c, selling for 488-628c/kg, averaging $2187/head. Medium-weight feeder steers maintained last week’s price levels, driven by demand from a major northern feedlot, the bulk selling from 520-600c/kg. Feeder heifers initially followed a downward trend but gained some momentum as the sale progressed, fetching between 420-560c/kg.

In the export market, most steers were purchased by feedlots, selling for 460-598c, easing by 4c/kg. Heavy steers and bullocks traded 4-7c cheaper, with prices from 430-500c/kg. The cow market has seen a decline in quality, with heavy cows remaining unchanged at 385-418c/kg. Leaner cows weighing under 520 kg sold between 340-392c/kg.

Market Reporter Leann Dax.

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