Markets

Wagga sale 11 Nov 2024: Demand for feeder steers strong

Leann Dax 11/11/2024

Yarding 5600 Change +350

The dry spring conditions contributed to an uptick in numbers. The overall quality was fair to very good, along with some outstanding heavy export steers and heifers.

There was a few more feeder buyers in attendance along with a major domestic processors operating after a lengthy absence.

The demand for feeder steers was strong, particularly for those in the weight range of 400-500kg which attracted a large group of buyers. Prices for these steers sold from 292c to 352c/kg. Equally, lighter feeder improved 10c, to average 332c/kg. Feeder heifers saw stronger demand for the light weight portion.

The most significant lift was heifers weighing between 280-330kg, which saw prices jump 29c to average 305c/kg.. Medium-weight feeder heifers experienced a downturn, selling for 3c cheaper, with prices ranging between 266c to 317c/kg. However, there remains strong demand for heifers 200kg to 280kg returning to the paddock, with prices improving 42c to average 311c/kg or $775/head.

Trade steers and heifers met a larger group of buyers which resulted in dearer price trends of 10c to 12c/kg. The majority selling between 280c and 374c/kg. In the export market, buyer activity was weaker with not all buyers operating. Heavy steers sold 6c cheaper, selling from 310c to 345c/kg. Bullocks sold to a smaller buying group, with prices slipping 17c, the bulk ranging from 315c to 356c/kg. The cow market saw a slightly larger buying group, with heavy cows unchanged to 1c dearer selling at 284c to 308c/kg. Additionally, the middle run of D3 cows weighing under 520kg average out a few cents cheaper, selling from 248c to 284c/kg.

Market Reporter: Leann Dax

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

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