Yarding 6300  Change +1200

The recent lift in cattle prices has prompted producers to capitalise on the opportunity by offloading stock before summer. While the overall quality of cattle was mixed, there was a notable increase in well-finished steers and heifers over 500kg. All processors participated in the sale, although not all feedlot orders were in place, leading to a cheaper market for feeder types. Midway through the sale, a southern processor increased their activity, taking advantage of the lower prices to buy feeder steers. This move highlighted the fluctuating dynamics within the market.

The prices for lightweight feeder steers experienced a decline of 23c, with prices ranging between 400 to 510c/kg. In contrast, medium weight feeder steers saw a slightly more competitive market, with a few additional buyers operating, resulting in a price decline of 15c to an average 482c/kg. Feeder heifers followed suit, slipping 6-16c with prices varying from 400-483c/kg. Restocker activity was limited this week, with local participants rarely engaged in the market. The bulk of the restocking orders came from southern Victoria. Subsequently, prices for lightweight steers dropped significantly, slipping 44c, with the majority of the 200-280kg selling between 460 to 572c/kg. The heifer portion slipped 44c to average 430c/kg.

On the export front, all processors were actively engaged, buying heavy steers and bullocks to suit processing which contributed to a price increase of 13-19c, with the bulk selling from 466-493c/kg. Heavy feeder steers sold to a small group of buyers resulting in a price drop of 20c to average 478c/kg.  Heavy cows were well supplied, with prices holding steady in the range of 390 to 426c/kg. However, leaner cows weighing under 520kg saw a price drop of 16c, averaging 375c/kg.

Market Reporter Leann Dax.

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