Market Update: Significant Drop in Yarding at Wagga Saleyards

Current Yarding Statistics

Total Yarding: 4,892 | Change: -1,008

Market Overview

Recently, the numbers at the Wagga saleyards dropped significantly, presenting a mixed offering of cattle. The yarding was largely composed of secondary types; however, select agents did showcase some well-finished yearlings and heavy cattle. Price fluctuations were observed across various classes, primarily due to the limited operations of export companies, which added downward pressure on prices. In contrast, a noticeable increase in restocker attendance indicated robust demand, particularly from northern and southern regions of Victoria.

Price Trends for Steers and Heifers

The market for steers and heifers has exhibited a downward trend, with prices ranging from 380 to 510 cents per kilogram (c/kg). While feedlot competition remained relatively strong, it was considerably lower compared to previous weeks. Light and medium weight classifications experienced the most pronounced price corrections. For instance, feeder steers weighing between 330 and 400 kg were noted to range from 414 to 498 c/kg, reflecting a decline of 35 cents. Conversely, medium weight steers were well supplied, inching down by 19 cents with the bulk selling between 448 and 480 c/kg.

Feeder Heifer Pricing

Feeder heifer prices exhibited considerable variability; however, the majority fetched between 330 and 456 c/kg. Notably, light weight heifers weighing 280 to 330 kg garnered interest from a wider pool of buyers, with prices reaching 415 to 455 c/kg. Light weight steers in the 200 to 280 kg range also saw high demand, yielding prices from 420 to 580 c/kg.

Heavy Export Categories

In the heavy export sector, heavy steers and bullocks suitable for processing sold within the range of 400 to 470 c/kg. Heavy heifers demonstrating good shape sold for 10-21 cents less, ranging from 400 to 485 c/kg. Heavy cows faced slightly eased prices, with transactions noted between 368 and 398 c/kg. Moreover, cows under 520 kg reflected a price drop of 6 cents, selling between 308 and 372 c/kg.

Market Reporter: Leann Dax

Source: NLRS. For a detailed report, click here to view the full Wagga report on the NLRS website.