Yarding 3100 Change -398
The Wagga cattle sale, saw 3100 cattle offered for sale. A slight decrease from the last sale was noted, and the yarding comprised mainly of feedlot cattle, which dominated the sale and played a significant role in maintaining strong prices.
The sale was well-attended by buyers and vendors from the surrounding regions. Stability was evident throughout the sale as feeder steers ranging from 400kg to 500kg remained unchanged and sold at prices between 288c to 360c/kg. Feeder heifers were well supplied, however prices softened 8c, with the medium weights selling from 252c to 320c/kg.
The prices for trade cattle improved, with rates increasing by 10c/kg, selling between 240c to 342c/kg.
The solid trade appeared to be fuelled by a shortage of well finished stock.
Weaner steers 200 to 280kg surged 70c, with strong local demand outpacing northern buyers. Prices ranged from 280c to 420c/kg.
A seasonal shortage of bullocks meant prices jumped 40c selling from 292c to 305c/kg. In the cow market a bigger field of buyers were prepared to chase the market. The stronger demand saw rates lift 6-7c/kg.
Overall, feedlot and commission buyers took charge of the sale, with their strong and persistent bidding keeping prices stable throughout the day.
Market reporter: Leanne Dax
Source: NLRS Click here to view full Wagga report on NLRS website.