Yarding 3320 Change -1075

Numbers dropped significantly, with plentiful feed across the supply area contributing to the dip in supply. Feedlots and abattoirs showed strong interest in backgrounding cattle ahead of the Christmas break. There was not as many feedlot orders as last week, but restockers were active. The usual export and domestic buyers made it to the sale. Demand was strong over most classes.

Trade cattle faced cautious processor competition. Steers and heifers nevertheless lifted 9-22c, selling at 410-536c/kg. Feeder steers in the 340–400kg range were unchanged at 484-608c/kg. Steers returning to the paddock 330-400kg sold from 522-608c to average $2033/head Medium-weight feeder steers improved 6-9c selling from 426-555c/kg as more buyers competed, while heavy feeders made 446-546c/kg. Medium-weight feeder heifers were firm to 4c dearer ranging 430-510c/kg.
Light steers weighing 200–280kg attracted the strongest bidding, climbing 45c selling from 571-665c/kg and averaging $1,664/head.

Short supply of heavy export steers and bullocks encouraged some processors to raise prices, with the category firm to slightly dearer at 450–522c/kg. Heavy heifers slipped 4c/kg making 440-494c/kg. The cow offering was very good with most cows over 600kg. Heavy, well-finished cows gained 4c/kg and sold from 385-448c/kg. The largest increase was recorded by heavy cows carrying less finish, and they rose 15c/kg to average 412c/kg. Cows below 520kg were scarce, making 375–410c/kg.

Market Reporter Leann Dax.

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