Markets

Dubbo sale 25 Aug 2016: Buoyant demand for smaller yarding

David Monk, 26/08/2016

Following some further falls of rain and the genuine thought that numbers may be starting to run very short, the offering more than halved for a yarding of 2430.

It was a good quality yarding with a good selection of prime cattle in all sections, a number of which had been crop fattened or grain assisted.

The bulk of the yarding was sourced locally along with a couple of consignments from the Broken Hill district and the one consignment from Condobolin.

The smaller yarding resulted in a buoyant market for most sections as operators competed solidly to secure numbers.

Young cattle to the trade were 2c to 6c dearer with steer vealers selling from 360c to 402c with the heavier weights averaging 400c/kg. The heifer vealers to the trade sold from 370c to 395c/kg.  The prime steer yearlings sold from 350c to 398c with the heavier weights over 400kg averaging 375c/kg. The heifer yearlings sold to from 325c to 391c/kg.

Feeder steers and the medium weight feeder heifers were 5c to 9c cheaper while the heavier weight feeder heifers over 400kg were 3c dearer with solid support coming from a northern feedlot operator. The feeder steers sold from 333c to 405c with the medium weights weighing 330kg to 400kg averaging 387c/kg. The feeder heifers sold from 325c to 383c to average 372c/kg.

Demand for the young steers to go back to the paddock remains very solid with locals providing the bulk of the support particularly for the better bred Angus calves. Young steers to the restockers sold from 394c to 456c to average around 430c while the young heifers going back to the paddock sold from 350c to 408c/kg.

The better quality yarding of grown steers and bullocks went against the trend for the week and sold at 8c/kg dearer rates. MLA market information advises the prime conditioned medium and heavy weights sold from 324c to 367c with the 500kg to 600kg steers averaging 344c/kg. The grown heifers also sold to strong competition selling to 350c/kg to Southern based export processors.

Demand for the smaller yarding of cows also remained strong with most selling at firm to a little dearer rates. The very limited number of 2 score cows sold from 210c to 258c while the better 3 and 4 scores sold from 250c to 293c with the 4 score heavy weights averaging 280c/kg.

The bull market was a little stronger with the properly muscled heavy weights over 600kg selling from 239c to 292c to average 276c/kg. Good numbers of young bulls to the restockers sold from 300c to344c/kg.

 

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