Markets

Wagga sale 22 Jan 2024: Feedlot buyers assert dominance

Leann Dax, 22/01/2024

Yarding 4425 Change +390

Numbers  lifted modestly to 4425, with feedlot buyers asserting their dominance and significantly impacting most categories. The overall quality of the cattle was from fair to exceptionally good, with the majority proving well-suited for either feedlots or restocking. Domestic buyers encountered challenges in their efforts to secure cattle weighing under 500 kilograms, contending with the task of trying to match feedlot prices.

Market dynamics showed robust gains, particularly in the feeder cattle category. Feeder steers witnessed an upward surge of 10c to 20c/kg. Medium-weight feed steers commanded prices between 300c to 367c, while steers weighing between 330 and 400kg topped at 370c/kg. Light-weight steers destined for the paddock reached a top at 400c/kg averaging an impressive $1,013 per head. Trade heifers experienced strong demand, making from 252c to 298c/kg. Feed heifer rates underwent an upward shift, increasing by 10c to 25c/kg, with the medium weights ranging between 290c to 326c/kg.

In the export sale, heavy steers suitable for processors maintained firm pricing, with a marginal increase, ranging from 278c to 310c/kg. Bullocks were actively sought after, commanding prices within the range of 276c to 317c/kg. There was a notable uptick of 9c/kg in the cow market, with heavy cows fetching from 260c to 279c/kg The middle run of leaner cows found buyers at prices ranging between 250c and 274c/kg.

Market reporter: Leanne Dax

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

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