Dubbo sale 21 Nov: Strong cow market loses steam

David Monk, 22/11/2019

Yarding 2430 Change -1440

THE very strong cow market we have become used to comes to an end falling by up to 23c and more in places with restricted competition from both northern and southern processors.

Numbers were back by 1440 for a yarding of 2430.

It is the smallest yarding we have seen in Dubbo for some time and many people are wondering if this is the end of the large numbers due to the fact that a large number of graziers have totally destocked due to the drought. It was a mixed yarding with some good pens of well finished yearlings along with good numbers of plainer conditioned young cattle. All grades of cows were represented and there were a few pens of well finished grown steers and heifers. There was also good numbers of bobby calves yarded. Most of the regular buyers were operating with the exception of a couple of export processors. The cattle were sourced from Merriwa Dunedoo Cobar Brewarrina and local districts.

MLA advises the young cattle to the trade were 6c cheaper with the prime steer yearlings selling from 273c to 290c while the prime heifer yearlings sold from 262c to 284c/kg.

Feeder steers were 6c to 10c dearer while the feeder heifers were firm to 3c/kg dearer compared to the previous sales much cheaper market. The feeder steers sold from 230c to 312c with the large number of lighter weights averaging 280c while medium and heavy weights averaged 290c/kg. The feeder heifers sold from 233c to 282c with the lightweights averaging 264c/kg.

Solid support from southern NSW and Victorian buyers continues for the good numbers of young cattle in store condition. Young steers to the restockers were up to 15c dearer while the young heifers in contrast were cheaper. The young steers sold from 238c to 318c with the calves weighing less than 200kg averaging 293c/kg. The young restocker heifers sold from 161c to 288c with the lightweight calves here averaging 242c/kg. Bobby calves to the restockers were cheaper for the lighter weights which sold from 80c to 405c/kg. The heavier calves to the restockers were dearer selling from 260c to 302c/kg. Calves to the processors sold from 200c to 312c/kg.

With the absence of a couple of buyers the grown steers and heifers were 4c cheaper with the prime medium and heavy weight steers selling from 275c to 289c while the better type grown heifers sold from 248c to 279c/kg. The feeders paid from 260c to 305c for grown steers while the restockers paid from 210c to 269c for steers out of condition.

Cows were up to 23c cheaper and more in places with some works stating that they were full until the end of January. The 2 score cows sold from 100c to 207c with the good number of cows weighing between 400kg and 520kg averaging 178c compared to the previous sales average of 210c/kg. The better 3 and 4 scores sold from 190c to 255c with the prime heavy weights averaging 241c which was 13c less than the previous sale. The cows to the restockers were up to 25c cheaper selling from 138c to 210c while the cows to the feeders sold from 212c to 237c which was also 23c/kg cheaper.

Bulls were up to 20c cheaper with quality a factor. The better heavy weight bulls sold from 253c to 316c to average 270c/kg. A few young bulls to the restockers sold from 241c to 258c/kg.

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