Yarding 6110 Change +2145
Numbers surged at Wagga in NSW to 6110 influenced by last week’s price surge.
The quality of cattle on offer varied, particularly among those weighing under 500kg, which did offer significant potential for buyers looking for substantial weight gains. However well-finished cattle remains limited. Despite the rise in cattle numbers at the sale, not every buyer was operating at full capacity, resulting in inconsistent participation levels. This influx has contributed to a general decline in prices for secondary cattle, with decreases of 20-30 cents per kilogram being reported.
Feeder cattle were the majority of the yarding. Light-weight feeder steers were plentiful, but buyer caution led to a noticeable price drop of 30c, bringing prices down to between 331-395 cents per kilogram. Medium-weight feeder steers also saw a decrease, with prices declining by 20c to a range of 332-400c/kg. And, light-weight steers returning to the paddock experienced a significant price reduction of 44c, selling between 345-427c/kg.
In a positive contrast, feeder heifer prices remained robust, with buyers actively seeking out all categories. Medium-weight heifers performed well, selling between 310-374c/kg. However, well finished cattle suitable for processing was limited, with trade steers and heifers selling within the range of 315-364c/kg.
On the export side, the supply of heavy steers was restricted, with prices ranging from 320-370c/kg. Notably, the quality of bullocks improved this week, leading to a price increase of 31c with most selling between 326c-386c/kg. Heavy cows were well-supplied, drawing a large number of buyers eager to capture a share of the market. Price increases of 10-13c were common, with heavy cows selling from 296 to 321 cents per kilogram. The D2 and D3 grades of cows were a hot ticket item amongst several processors causing a price lift of up to 12c/kg. prices ranged for lean types from 255-315c/kg.
Market Reporter: Leann Dax
Source: NLRS Click here to view full Wagga report on NLRS website.
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