Yarding 3640 Change +540

Numbers lifted moderately as paddocks begin to dry after recent wet weather. The quality of cattle remains mostly secondary, with trade and export cattle offered in limited numbers by agents. As the sale progressed, demand strengthened, and more orders came into play. Feedlots showed a strong preference for Angus-bred steers and heifers, with buyers prepared to pay a premium for large runs of vendor-bred stock. Restockers were also active, particularly seeking lighter-weight Angus steers and heifers.

Trade cattle were few, and domestic buyers were cautious, leading to a price drop of 20-25c/kg. Trade steers and heifers fetched between 470-540c/kg. In the feeder market, certain breeds commanded strong prices, although lighter-weight feeder steers sold for 8c less, while medium weights remained unchanged, ranging from 480-604c/kg. Feeder heifers saw lighter weights drop by 16c to fetch 450-548c/kg, while medium weights gained 7c, making between 486-555c/kg. Light-weight steers weighing 200-280kg gained 21c, averaging $1481, reflecting strong local restocker demand.

In the export sale, competition for bullocks was patchy, resulting in a cheaper trend of 33c, with the bulk averaging 441c/kg. Heavy steers suitable for domestic processors gained 42c, selling between 440-544c/kg. The yarding of cows was mixed, with most buyers participating actively. Heavy cows sold firm, ranging from 390-432c/kg. However, cows under 520kg did not perform as well, experiencing a price drop of 13c, making between 350-399c/kg, although one pen of well-finished types reached 408c/kg.

Market Reporter Leann Dax.

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