Wagga market is struggling to find a base rate with increased supplies of plainer secondary cattle.
The cattle market at Wagga is still struggling to find its feet this spring. In a smaller offering of 3380, prices continued to fluctuate on quality and who was buying, as the season remains on a knife edge.
Another wave of light weight veal and yearlings were offered at Wagga in a bigger yarding 3800 cattle. Quality was plain with the bulk of the offering secondary types.
Prices this week were fuelled by better feedlot and restocker competition, after some rain in the north and local area.
Agents yarded just over 4000 cattle and quality was generally good to fair, however there was quite a tail in the offering across lighter weight categories.
Prices varied amongst categories with lighter weight secondary cattle bearing the brunt of a price correction.
Cattle prices continued to vary this week as quality and buyer demand varied over all categories in a smaller yarding of 2,700 at Wagga.
Cattle prices continue to fluctuate as the industry braces itself against a tough winter following another week of disappointing rainfall.
The seasonal shortage of top quality domestic and export slaughter cattle in the Riverina gave the market an edge this week, with prices improving by up to 10c/kg at Wagga Wagga, NSW on Monday.
Bidding was generally weaker with restockers backing away from the price heights recorded at the beginning of the month, despite rain across the supply area.