Yarding 2600 Change +560
The market saw a significant lift in numbers, driven by dearer recent trends the previous sale. While quality was generally secondary, there were limited numbers of well-finished stock across various weight categories. The competition, particularly from feedlots, played a pivotal role in pushing the market higher for steers. It as a sale where domestic and export processors struggled to maintain purchasing levels, feedlots emerged as dominant players, outbidding buyers on most of the cattle that were available. Prices for lighter weight steers returning to the paddock sold to softer price trends, particularly those weighing between 200-280kg, which averaged $1173 per head after a decrease of 22c/kg
The limited few heifers and steers cattle suitable for the trade, commanded prices ranging from 410 to 508c/kg, reflecting a market that’s adjusting to market dynamics. Feeder steers weighing between 330-400kg experienced a modest gain of 7c, selling within the range of 482-540c/kg. Notably, feedlots were very active for steers weighing 400-500kg, with prices lifting 20c/kg resulting in sales from 482-540c/kg.
While feeder heifers were in reasonable supply, buyer hesitance led to cheaper trends for certain weight categories. Feeder heifers in the 330-400kg range sold 14c cheaper, averaging between 380-498c/kg. Medium-weight feeder heifers benefited from slightly more competition, selling firm to a few cents dearer, with the bulk making between 464-508c/kg.
In the export market, feedlots continued to dominate, especially with heavy grown steers and bullocks, which sold between 400-475c/kg. Heavy steers suitable for feeding achieved prices ranging from 468 to 530c/kg. However, the supply of heavy cows was limited, leading to a price increase of 15c, with sales between 378-419c/kg. Leaner cows under 520kg saw prices ranging from 266-379c/kg, reflecting the varied demand across different cattle types.
Market Reporter Leann Dax.
Source: NLRS Click here to view full Wagga report on NLRS website.