Yarding 5155  Change -1290

Numbers have declined moderately, but the dynamics of the sale have shifted significantly following a decent autumn break in the northern regions. This rainfall invigorated the market, leading to a new price level for various yearling categories, with common price increases ranging from 30c to 50c/kg. A bigger field of buyers attended the sale, looking to fulfill feedlot and restocker orders that originated from the north. The recent rain changed the dynamics of buyer demand, resulting in heightened competition for all cattle with cows a standout performer

Trade cattle in the 400-500 kg range were in limited supply, with most of these stock being absorbed by lot feeders. The trade portion commanded prices between 320c and 405c/kg. Meanwhile, weaner steers weighing 200-280kg saw stronger competition among buyers, fetching impressive prices ranging from 335c to 448c/kg. In the feeder steer category, those weighing between 330 to 400kg jumped 20c and more in places, selling between 352 and 420. Feeder steers in the 400-500kg range saw significantly stronger price trends, fetching 320c and 424c/kg. Feeder heifers were also strongly contested, with a larger group of buyers pushing prices up by 15c to 35c/kg. Medium-weight feeder heifers sold at prices ranging from 330c to 374c/kg.

On the export front, a major supermarket dominated the market for all well-finished stock. Bullocks gained 8c, with prices ranging from 380 to 408c/kg. Heavy feed steers experienced a more substantial increase of 16c, selling between 365 and 418c/kg. The most notable highlight of the market was the cow sale, where prices surged by up to 49c/kg. Heavy cows sold for prices between 322c and 360c/kg, while the middle run of leaner types commanded prices between 295c and 328c/kg..

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