Prices for steers and bullocks spike

TAKING THE BIDS: A file image from the store pens at Wagga cattle market.

TAKING THE BIDS: A file image from the store pens at Wagga cattle market.

VENDORS sold 2910 cattle at the Wagga market on Monday.

According to NLRS (NLRS) market reporter, Leann Dax numbers increased with the dry conditions intensifying.

There were a few more feedlot and restocker orders in the market, which helped push feeder steer prices higher.

In the trade market domestic buyers competed strongly to acquire steers 400-500kg, steers suitable for the trade averaged 476c/kg.

A single pen of European cross steers recorded a top price of 490c/kg. Trade heifers sold to similar price trends of last week, making from 374c to 450c/kg. Light weight secondary steers 200-280kg sold to a top price of 685c/kg to average $1560 per head.

The heifer portion sold to a top price of 504c/kg. Prices for feeder steers was stronger for all weight categories. Steers 400-500kg sold from 410c to 491c to average approximately 470c/kg.

Medium weight feeder heifers sold to a bigger group of feedlots. Medium weight feeder heifers sold from 404c to 460c/kg.

Not all processors operated in the export run. Prices for heavy steers and bullocks rallied up to 20c/kg in places, with demand notably stronger.

Prices for C3 steers and C4 bullocks ranged from 330c to 430c/kg. Heavy steers 500-600kg to feed on made from 410c to 466c/kg. In the cow market not all processors operated.

Heavy weight well finished cows sold 20c dearer, selling from 295c to 330c/kg. Lean condition cows were in short supply making from 255c to 318c/kg.