Yarding 3600  Change -660

Numbers declined notably due to rain across the supply area.

The sale was a mixed offering however it did highlight some outstanding grain fed heavy cattle. An almost full field of export and domestic buyers was present, along with local restockers and numerous restocking orders from the north and southern Victoria. Feedlots were particularly active, seeking to acquire cattle with weight, which intensified competition across various weight classes and led to a surge in prices. Demand was exceptionally strong across all classes, resulting in the largest price lift seen in several years at Wagga. A standout aspect of the sale was the heightened restocking activity, with buyers willing to pay up to 100c/kg more for lighter weight categories, reflecting their determination to secure stock on the day.

Across trade weight categories, trade steers and heifers were limited, and domestic buyers were not willing to chase the market, with better types suited for domestic trade selling between 450 and 507c/kg. Feeder heifers weighing 330-400kg attracted considerable interest from feedlot buyers, resulting in a notable price increase of 37c, averaging 497c/kg. Medium-weight feeder heifers in the 400-500kg range saw an 11c lift, fetching between 460 and 509c/kg. Light-weight heifers going back to the paddock averaged $1,245, while the steers portion averaged $1,421/head. Feeder steers were keenly contested, with medium weights improving by 21c, making between 430 and 545c/kg, and averaging 532c/kg.

On the export side, heavy steers and bullocks were limited, with younger stock primarily purchased by lot feeders. Heavy steers and bullocks suitable for processors ranged from 455 to 502c/kg, while those acquired by feedlots made between 475 and 538c/kg. In the cow market, prices rallied significantly, especially for leaner types, which enjoyed considerable price rises. Heavy cows sold between 378 and 422c/kg, while leaner cows under 520kg surged by 45c, with the better-covered types making from 345 to 395c/kg. Overall, the Wagga sale illustrated a robust market environment, driven by strong demand and active competition.

Market Reporter Leann Dax.

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