Markets

Dubbo sale 23 May 2019: Young cattle to restockers rally

David Monk, 24/05/2019

Yarding 3870 Change -680

Following the previous sales much tougher market young cattle to the restockers and feeder cattle rallied regaining a large percentage of the falls of last sale lifting by as much as 30c/kg for some categories.

Numbers were back by 680 for a yarding of 3870. It was only a fair quality yarding with once again good numbers of young cattle lacking finish along with odd pens of yearlings to suit the feeders and processors. There were very large numbers of cows yarded though overall the cow quality was much plainer with some large consignments of very plain conditioned cows throughout the yarding. The bulk of the yarding was sourced from local districts with only odd lots from the far west. All the regular buyers were operating along with some additional restocker buyers operating on young cattle and cows. There was also a couple of extra feeder buyers operating along with an additional bull buyer.

NLRS advise the young cattle to the trade were 7c to 10c dearer with the prime steer yearlings selling from 269c to 299c with the heavy weights over 400kg averaging 288c while the prime heifer yearlings sold from 250c to 289c to average 280c/kg.

With an extra couple of buyers operating feeder cattle were 15c to 22c dearer compared to the last sales much cheaper market. Feeder steers sold from 260c to 305c with the good numbers of medium weights weighing between 330kg and 400kg averaging 285c while the heavy weights over 400kg averaged 290c/kg. Feeder heifers sold from 210c to 274c with the lightweights averaging 237c while the medium and heavy weights averaged 252c and 266c/kg.

With extra buying support which included a couple of new orders from the Hunter Valley young cattle to the restockers were up to 30c/kg dearer. The young steers sold from 168c to 280c with the calves less than 200kg averaging 227c and the heavier weights weighing between 200kg and 280kg averaged 247c/kg. There was good numbers of older steer yearlings purchased by the backgrounders who paid up to 275c and averaged 265c/kg. The young heifers to the restockers sold from 125c for lightweight dry calves to 269c/kg for very well bred Angus calves estimated to weigh around 300kg.

The few grown steers were firm with the prime medium and heavy weights selling from 279c to 298c/kg. The feeders purchased some of the younger grown steers and they paid from 249c to 291c/kg. Grown heifers were dearer with the better types selling from 260 to 280c with the heavier weights averaging 271c/kg. There was good numbers of plainer conditioned 2 4 and 6 tooth grown heifers and they sold to the restockers who paid from 170c to 198c/kg.

Cows to the processors were 1c to 4c dearer with the 2 scores selling from 116c to 170c with the cows weighing between 400kg and 520 averaging 153c/kg. The better 3 and 4 score cows sold from 165c to 230c with the prime heavy weights averaging 210c/kg. There were large numbers of cows sold to the restockers which sold at rates up to 15c/kg dearer. Cows to the restockers sold from 92c to 197c with the large number of plain cows weighing between 400kg and 450kg averaging 161c/kg.

There was an extra bull buyer operating which pushed bulls around 5c dearer with the better heavy weights selling from 210c to 249c/kg. Young bulls to the restockers sold from 172c to 190c/kg.

To view full NLRS report click here

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