Markets

Dubbo sale 28 Nov: Further falls for cow rates

David Monk, November 29, 2019

Yarding 4245 change 1815

With most export processors running at capacity levels for cows the cow market suffered further falls losing a further 18c compared to the cheaper market of a week ago.

  It was a mostly plain quality yarding with large numbers of yearlings lacking finish with only odd pens to suit the feeders and processors. Cows and bobby calves were also well supplied as the selloff continues. The bulk of the cattle in the yarding were sourced from local districts with only a couple of loads in from the far west. Included in the sale was a large consignment of in excess of 400 mixed cattle in store condition from the one property in the Binnaway district. There were a few pens of well finished grown steers and heifers mixed throughout. Not all the regular buyers were operating with the absence of some southern restockers along with some cow buyers also not operating. The number of feeder buyers operating was also limited.

NLRS advises the few cattle to the trade were 10c cheaper with the prime steer yearlings selling from 265c to 305c while the prime heifer yearlings sold from 240 to 274c/kg. Bobby calves to the processors sold from 190c to 234c/kg.

There was pretty good support from northern feeder operators and only limited support from the southern operators. Feeder heifers and the lightweight feeder steers were 7c to 12c cheaper while the heavier feeder steers were 8c/kg dearer making it obvious that the number of heavier weights is getting harder to source. Feeder steers sold from 244c to 315c with the larger number of light and medium weights averaging around 270c/kg. The limited number of heavier steers over 400kg averaged 297c/kg. The feeder heifers sold from 201c to 284c with the light and medium weights averaging 247c while the heavy weights averaged 263c /kg.

Young cattle to the restockers were up to 30c cheaper with the very large number available and the absence of some southern restockers having a large effect. The young steers sold from 168c to 296c with the large number of steer yearlings weighing between 200kg and 280kg averaging 239c while the young heifers sold from 84c to 266c/kg. The lightweight heifer yearlings weighing less than 200kg averaged just 139c while the heavier weights averaged 202c/kg. A large portion of the Binnaway cattle were purchased by Coonamble buyers who intend to put the cattle on hard feed in a feedlot situation. The large number of bobby calves to the restockers sold from 20c to 296c/kg which was similar prices for the lightweight calves and cheaper for the heavier weights.

Grown steers to the processors were up to 10c cheaper with the prime medium and heavy weights selling from 250c to 284c/kg. A large number of the grown steers yarded were from the Binnaway consignment and they sold to the restockers ranging in price from 112c to 198c while the better quality grown steers to the restockers sold from 200c to 260c/kg. Grown heifers to the processors were up to 20c cheaper with the better types selling from 218c to 270c/kg. The Binnaway grown heifers sold to the restockers who paid from 122c to 191c/kg

Cows to the processors were 18c cheaper with the 1 and 2 scores selling from 108c to 183c with the good number of medium weights averaging 176c/kg. The better 3 and 4 scores sold from 175c to 242c with the prime heavy weights averaging 223c/kg. There was limited numbers of cows purchased by the restockers which were up to 25c cheaper selling from 120c to 209c/kg. The feeders were responsible for buying healthy numbers of cows and they paid from 172c to 219c which was 19c/kg cheaper compared to the previous sale.

Bulls were 19c cheaper with the better heavy weight bulls selling from 220c to 279c to average 251c/kg. Young bulls to the restockers sold from 206c to 210c while the plainer quality bulls in the Binnaway load sold from 145c to 182c/kg.

To view full NLRS report click here

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