Wagga Cattle Report

Despite some rain numbers lifted for the third successive week. Increased supplies of lighter weight weaners below 280kg out stripped demand taking a toll on market prices. The bulk of the offering were store condition stock with limited supplies of yearling cattle suitable for the trade.Back grounders, a boat order and feedlots cemented a floor in prices for some lighter weight cattle, while restocker competition declined noticeably. Trade cattle were in reasonable supply and domestic processors struggled to outbid feedlots resulting in cheaper trends. Heavy steer and bullock numbers were reasonable and competition was strongest for the younger well finished steers. Cow numbers remained high with just over 1,000 yarded.
Prices were softer for most categories of trade cattle, with some processors unwilling to push price. Trade steers slipped 6c making from 300cto 328c/kg. Trade heifers lacked competition at times which resulted in a cheaper trend of 6c to average 292c/kg. Light weight weaner steers left to restockers sold 14c to 18c cheaper making from 200c to 300c/kg. Light weight store heifers returning to the paddock gained 22c making from 180c to 236c/kg.
Most of the usual field of feedlot buyers were operating in a fluctuating market for some categories. There was solid support for feeder steers, 330kg to 400kg, with the well-bred portion unchanged, while the heavier portion slipped 11c to average 289c/kg. Light weight feeder heifers,330kg to 400kg, sold to a smaller field of buyers easing 8c to average 264c/kg. Back ground heifers fell 19c to average 233c/kg.
Grown steers and bullocks were in reasonable numbers and quality was very good. The younger well finished steers met strong demand from both exporters an domestic processors making from 300c to 341c/kg. Heavy heifers with shape sold from 264c to 316c/kg.
It was another large yarding of cows, as the ongoing sell-off continues. Prices across the board were 4c to 7c/kg cheaper. Heavy cows lacked quality selling from 245c to 268c/kg. The D2 and D3 types made from 190c to 248c/kg.

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