Markets

Dubbo sale 31 Jan 2019: Cow market creeping upwards

David Monk, February 1, 2019

Yarding 3030 Change 670

The cow market continues to creep upwards following the excellent rains in north Queensland and the report that a major northern processor is about to commence a second shift.

With another week of heat wave conditions number lifted by almost 700 for a yarding of 3030.It was a mixed yarding with good numbers of well finished cows along with good numbers of plainer types to suit the restockers. There was also good numbers of yearlings to suit the processors and feeders along with some very plain steers and heifers in from the far west. There was also better numbers of well finished grown steers yarded all of which have had grain assistance. Most of the regular processor and feeder operators were in attendance and operating.

NLRS advises the few young cattle to the trade were cheaper with the prime steer yearlings selling from 269c to 285c while the prime heifer yearlings sold from 233c to 275c/kg.

With most of the feeder operators showing a keenness to secure numbers the feeder market enjoyed another week of stronger prices. Lightweight feeder steers and feeder heifers were 6c to 12c dearer while the heavier feeder steers were close to firm. Feeder steers sold from 244c to 297c with the lightweights averaging 278c while the medium and heavy weights averaged around 285c/kg. The feeder heifers sold from 204c to 269c with the medium and heavy weights averaging 251c/kg.

Young restocker cattle were dearer with fair support from Mudgee buyers along with a few locals trying to secure some cattle at the right price. The young steers sold from 194c to 290c while the young restocker heifers sold from 174c to 241c/kg.

With solid support from the major northern processors grown steers were 15c dearer with the prime medium and heavy weights selling from 255c to 286c with the medium weights weighing between 500kg and 600kg averaging 284/kg. Grown steers to the feeders also enjoyed solid gains selling from 255c to 297c/kg. Grown heifers were around firm with the better types selling from 200c to 243c/kg. There were good numbers of grown heifers in plain condition which sold to the restockers from 185c to 211c/kg.

  Cows were 6c to 10c dearer with the 2 scores to the processors selling from 126c to 173c to average 162c/kg. The better 3 and 4 scores sold from 148c to 218c with the prime heavy weights averaging 209c/kg. There were good numbers of cows to suit the restockers and with good support from Wagga buyers once again the cows sold at similar rates to the previous sale. The cows to the restockers sold from 115c to 180c/kg.

There was a top line up of good quality bulls which sold at considerably dearer rates with the better muscled and well finished bulls selling from 213c to 241c/kg. There was good numbers of young bulls in from the far west to suit the restockers and feeders. Young bulls to the restockers sold from 162c to 238c while the feeders paid from 189c to 206c/kg.

To view full NLRS report click here

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