Yarding 6150  Change +2275

As the dry weather persists with no rain in sight, the cattle market experienced a surge in numbers. While the usual buyers were present, there were additional feedlot orders which added a stronger competition to the market between key feedlots. The quality of cattle remains mixed, particularly with well-finished stock under 500kg in short supply. Restockers were active during the sale, yet they appeared more inclined to seek out bargains rather than stepping up their purchases. This cautious approach reflects the ongoing uncertainty as producers navigate the challenges posed by the dry conditions.

In the trade sale, the pick of the vealers which were few, ranged from 285-374c/kg. Trade steers and heifers were in limited supply, with a key domestic processor taking the lead in acquiring yearlings that exhibited shape and finish. The bulk of the heifers and steers destined for trade fetched prices between 328-385c/kg. Feeders steers, particularly those of a specific breed, were highly sought after, leading to competitive bidding between two major feed lots for well-bred lines. This competition contributed to a positive trend in pricing, with medium-weight feed steers selling between 320-418c, averaging 386.6c/kg.  Light-weight feed steers reached a top of 408c, while feeder heifers were well supplied. Medium-weight feeder heifers sold for 280-358c, with light-weight heifers achieving prices of 275-357ckg. Light-weight steers returning to the paddock sold to fluctuating demand, selling between 315-395c/kg.

On the export front, lot feeders demonstrated strength, competing against major export companies. Heavy steers destined for processors gained 30c, selling between 305-392c/kg. However, bullocks saw a decline, slipping by 12c to range from 322-380c/kg. Heavy steers weighing between 500-600kg, particularly those with milk or two teeth, attracted strong demand, with the bulk selling between 306 and 406c/kg.

The number of cows on offer surged to just over 1500, with plainer types entering the mix due to the ongoing dry conditions. Heavy cows remained unchanged, averaging around 289c/kg. Meanwhile, middle-run cows weighing under 520kg sold for 225 -275c/kg, and store cows fetched prices ranging from 238-295c/kg.

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