Wagga Wagga Saleyards Report: Impact of Recent Rainfall

Current Numbers and Market Quality

Yarding: 2655   Change: -1245

In recent weeks, rainfall across the supply area has significantly affected cattle numbers. This decline in availability has led to a notable change in market dynamics. The overall quality of the cattle is primarily rated as secondary, with a marked decrease in the weights, especially for cattle weighing under 400kg. Although the standard buying group was present at the sale, expected orders from restockers and feedlots were conspicuously missing, causing market prices to vary largely based on breed.

Trade Cattle Market Insights

The trade cattle market experienced limited supply, particularly for yearlings in the 400-500kg range, with most being well-finished and grain-assisted. Prices for heifers and steers were noted between 365-436c/kg. A select number of high-quality vealers targeted at processors fetched prices ranging from 370-410c/kg.

Interestingly, light-weight steers weighing between 200-280kg surged in price by 87c, achieving prices from 325-495c/kg due to quality. In contrast, steers intended for feeding encountered a downward trend, with prices dropping by 8-18c, and the majority selling for between 345-480c/kg. While feeder heifers were in short supply, lighter weights saw an uptick in prices by 8c, ranging from 340-435c/kg.

Export Market Overview

On the export front, the availability of heavy, well-finished cattle was limited. Bullocks experienced a price increase of 20c, reaching a top price of 450c and averaging 427c/kg. Heavy steers sold within a range of 355-414c/kg.

Furthermore, as the number of cows available for sale decreased, buyers had to raise their bids to secure animals. Heavy cows improved by 12c, transacting at prices between 334-360c/kg. Leaner cows weighing under 520kg also witnessed strong demand, with prices fluctuating between 220-346c/kg.

Market Reporter: Leann Dax

Source: NLRS. Click here to view the full Wagga report on the NLRS website.