Recent rain inspired restockers and feedlots who had the greatest influence over most categories. Weaner steers back to the paddock sold 6-22c/kg dearer. Steers weighing 330-400kg benefited from the strongest demand with store buyers who payed from 332-392c to average $1358.
Even with a shortage of heavy export cattle the market lacked competition for bullocks, with prices wound back 10c/kg to average 316c/kg. Top quality younger lines of heavy grown steers 500 -600kg to slaughter lifted 6c with the grain assisted portion helping drive the market higher. The bulk of the better finished steers sold from 300-338c/kg.
There were weaker results for prices at Wagga in a similar sized yarding of 3700, as dry conditions continue to put supply pressure on the market.
Cattle prices strengthened again following on from the significant price surge the previous week, due to damp conditions and limited supplies at most southern selling centres.
A shortage of stock due to the Easter holiday break lifted rates at Wagga in a yarding of 3,320.
The tight supplies for both domestic and export processors strengthened prices across trade and export categories, with some of the better finished lines showing a hefty price rise.
More than 3300 cattle were yarded at Wagga, as the higher prices of last week drove increased supplies of unfinished cattle onto the market. Price results were mixed, reflecting the plainer quality
Heavy rain across much of NSW and Victoria had an immediate effect on prices at NVLX Wodonga on Tuesday, in a slightly smaller yarding of just under 1400.
Weaner steer prices hit their highest level in three months on the back of widespread rain.
Hot dry conditions continue to put supply pressure on the market, with producers mostly offloading secondary condition stock.