Yarding 5050  Change -350

Numbers declined moderately, reflecting a shift in supply. The quality of cattle was predominantly secondary, particularly those weighing under 500kg. However, the market showed strength coming from north and Riverina Feedlots. The market saw a notable increase in feedlot and backgrounding orders, which played a role in influencing price results. The heightened competition among buyers contributed to price increases across various secondary classes.

The limited availability of cattle in the 400-500kg range suitable for trade buyers resulted in prices ranging from 305-350c/kg. The scarcity of well finished yearlings created opportunities for lot feeders, particularly for secondary cattle over 330kg.

Prices lifted as the sale progressed particularly  for well-bred secondary types, which resulted in prices jumping 20c to 30c/kg. Feeder steers sold to strong demand, with lightweight feeder steers selling between 334-398c/kg. Medium-weight steers also fared well, fetching prices from 318-410c/kg. In a noticeable trend, feeder heifers of specific breeds attracted considerable interest from feedlot buyers, leading to a price surge of 20c, with sales ranging between 290-354c/kg. Additionally, lightweight steers returning to the paddock commanded prices ranging from 330-414c/kg, with most stock purchased by northern restockers.

On the export front, heavy steers and bullocks were in short supply, which has driven prices upward. Heavy steers destined for processors were sold at prices between 330-372c/kg, while bullocks achieved higher returns, selling from 355-392c/kg. The cow run this week presented a mixed quality offering, with heavier cows seeing an uptick of 12c, selling between 290-316c/kg. Leaner cows weighing under 520kg also saw price gains, with prices rising by 28c, resulting in sales from 270-310c/kg.

Market Reporter: Leann Dax

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