Yarding 4150 Change -240
Numbers dipped slightly to 4150. Although not all feedlot orders were active, the participation of most exporters and domestic processors contributed to a robust sale, with some restocking demand across the light weight classes.
The export market emerged as the highlight of the sale, with heavy bullocks drawing significant interest thanks to their exceptional quality. Prices jumped by 16c, with the majority of the younger stock, selling between 340c and 386c/kg. This upward momentum continued with heavy heifers, which also saw an improvement in quality this week. Grain-assisted pen lots resulted in price increases of 15c, with heavy heifers fetching 298c to 346c/kg.
The return of an additional processor, who had been absent for a few weeks, further bolstered market confidence and positively influenced prices for mainly leaner types. Heavy cows experienced a price increase of 5c, selling from 282c to 30c/kg. In contrast, leaner cows weighing under 520 kilograms saw gains of 10c to 13c amid stronger bidding, with prices ranging from 234c to 286c/kg.
In the feeder market, competition remained solid, particularly for straight-bred types. Medium-weight feed steers saw a modest gain of 2c, with prices ranging from 306c to 359c, while lighter weights eased by 5c, averaging 327c/kg. Medium-weight feed heifers continued to attract strong demand, with prices unchanged selling between 296c and 328c/kg.
On the trade cattle front, availability was limited, and domestic processors appeared reluctant to pursue the market. The majority of steers and heifers sold within a range of 290c to 358c/kg. Light-weight steers returning to the paddock achieved prices between 298c and 400c/kg, averaging $952 per head.
Market Reporter: Leann Dax
Source: NLRS Click here to view full Wagga report on NLRS website.
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