At Wagga agents yarded 3,600 cattle, feeder prices for steers generally trended downward, although there were moments of improvement during the sale.

Notably, very few pens of medium steers achieved prices exceeding 400c/kg.

Medium weight feed steers experienced a decline of 15c, selling between 310c and 404c/kg. Lighter weight steers also saw a drop of 15c, averaging 362c/kg.

However, the demand for light weight steers 200 to 280kg attracted a significant number of local and northern buyers, leading to an increase of 15c to 30c/kg, with the majority selling between 380c and 446c/kg, averaging $1,054 per head.

 In the feeder heifer market, bidding was inconsistent. Pricles for heifers weighing 400-500kg rose by 5c, with the main runs selling for 310c to 364c/kg. Equally, lighter weight heifers intended for feeding saw a decline of 12c, averaging 321c/kg.

In the trade market, domestic processors found it challenging to match the prices offered by feedlots, with the majority of cattle to the procesors selling between 340c and 394c/kg.

The export market performed well, with most sales matching or exceeding last week’s prices by a few cents. Heavy steers and bullocks fetched prices ranging from 320c to 381c/kg, while well-shaped heavy heifers sold for 340c to 377c/kg.

The cow market exhibited a stronger tone, with many buyers eager to secure stock. Heavy cows saw an increase of 8c, selling between 325c and 349c/kg. The most competitive bidding was for cows weighing under 530kg, where prices surged by 20c, resulting in very few sales below 300c/kg. These cows sold in the range of 260c to 334c/kg.

Market Reporter: Leann Dax

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