We discuss the geodesic motion of both massive test particles, following timelike geodesics, and light, following null geodesics, on Finsler spacetimes with cosmological symmetry. Using adapted coordinates on the tangent bundle of the spacetime manifold, we derive the general form of the geodesic equation. Further, we derive a complete set of constants of motion. As an application of these findings, we derive the magnitude-redshift relation for light propagating on a cosmologically symmetric Finsler background, both for a general Finsler spacetime and for particular examples, such as spacetimes equipped with Bogoslovsky and Randers length measures. Our results allow a confrontation of these geometries with observations of the magnitude and redshift of supernovae. © 2017 American Physical Society.