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.
Bidding generally flat lined for feeder steers 400-500kg with prices easing 3c/kg. The bulk of the steers made from 225-300c with an odd sale to 301c/kg. Lighter weight steers 330-400kg firmed making from 248-301c/kg.
Store cattle categories were anything from dearer 7c higher to 40c after last week’s cheaper trend of 30-50c/g. Agents said the market was somewhat unsettled however buyers seemed to have found a base rate for young weaners.
The deteriorating season across NSW is testing the cattle market by pushing bigger numbers into sale yards. Supplies jumped at Wagga in the Riverina which sold more than 5700 cattle.
Prices for young cattle at Wagga have lifted again as feedlots chase numbers heading into winter and after producers receive much needed rain.
Despite receiving rain over the weekend that restockers were not prepared for the moment to push prices upwards.