Yarding 561 Change -445

The Wagga cattle sale saw stronger competition among buyers, especially from feedlots in the smaller yarding of 2530. Feedlots played a significant role in shaping the market dynamics. Their active bursts of bidding created a setting of strong competition, leading to a surge in prices for yearling  feeder steers and feeder heifers.

Feeder steers weighing between 400 to 500kg were in high demand, with buyers eagerly competing for quality steers. This competition resulted in a  price increase of 10c, reaching a top price of 372c/kg. The surge in prices reflects the market’s recognition of the value of these well-bred steers, which are suited for the feedlot system. Similarly, feeder heifers of medium weight experienced a notable gain in prices, averaging 30c higher reaching an average of 317c/kg. The strong competition from feedlots created a favourable market environment, benefiting sellers after last week’s significant price correction. Trade cattle under 500kg sold to patchy demand from domestic processors. The bulk selling from 220c to 320c/kg.

The seasonal shortage of heavy steers meant prices jumped 10c to 40c/kg. The bulk selling from 220c to 344c/kg. The lift in demand for cows can be attributed to various factors such as a bigger group of staff members able to process stock  Heavy cows gained 15c selling from 230c to 255c/kg. The middle run of leaner types made from 160c to 226c/kg.

Market reporter: Leanne Dax

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