Markets

Dubbo sale 6 Feb 2020: Buyer urgency in smaller yarding

David Monk, February 7, 2020

Yarding 1875 Change -645

There was a certain amount of urgency from all buyers in the smaller rain effected yarding.

With the excellent falls of rain in the north and the useful falls in most local districts there was a much dearer market in all sections of the yarding. It was the first rain effected sale in Dubbo for a long time with numbers falling by 650 on the expected draw for a yarding of 1875.

It was a mixed yarding with some good pens of good quality yearlings to suit the feeders and there were some very well finished yearlings coming off grain to suit the trade buyers. Cows were well supplied though the quality was back and there was very few grown steers or heifers. The bulk of the cattle were sourced from local districts along with a fair-sized consignment from the Wanaaring district along with a smaller consignment from the Bourke district. Most of the regular buyers were operating though the southern cow buyers are finding the market too strong with the bulk of the cows going to northern processors. There were additional restocker buyers from Queensland along with solid support from northern NSW and Queensland feeders.

MLA advises the young cattle to the trade were 15c to 20c dearer with steer vealers selling to 328c while the prime heifer vealers sold from 313c to 326c/kg. The prime steer yearlings sold from 310c to 354c/kg which was paid for two outstanding black Limousin steers in prime condition. The prime heifer yearlings sold from 300c to 332c with the medium weights averaging 321c and the heavy weights 312c/kg.

The feeder market continues its upward trend with further healthy gains experienced throughout the week. Feeder cattle were a further 25c to 35c dearer which equates to around a 65c/kg rise in three weeks. The feeder steers sold from 320c to 372c with the heavy weight steers over 400kg averaging 356c/kg. The light and medium weight feeder steers averaged in excess of 350c/kg. The feeder heifers sold from 278c to 339c with the heavy weights hear averaging 331c while the light and medium weights averaged around 325c/kg.

Young cattle to the restockers were considerably dearer with solid support from northern and local district operators. The young steers sold from 280c for very plain young crossbred calves to 428c for good quality Angus calves. The was almost as much interest in the young heifers in the yarding which sold from 258c to 390c/kg. Bobby calves were also considerably dearer with the restockers paying from 254c to 452c/kg.

The few prime grown steers were firm selling from 300c to 320c while grown steers to the feeders sold from 293c to 345c/kg. Grown heifers were 15c to 20c dearer with the better classes of heifers selling from 266c to 317c/kg. There was a good number of very plain conditioned and small framed grown heifers yarded and they sold to the restockers ranging in price from 220c to 288c/kg. These prices are around 150c/kg dearer compared to the last time the same people sold.

Plainer conditioned cows to the processors were 14c dearer while the prime cows were firm. 2 score cows sold from 215c to 248c to average 245c while the better 3 and 4 scores sold from 243c to 288c with the prime heavy weights averaging 270c/kg. With strong support from Queensland buyers restocker cows were up to 30c dearer selling from 170c to 251c/kg.

Bulls to the processors were 20c to 25c dearer with the better heavy weight bulls selling from 290c to 320c to average 311c/kg. Bulls to the live exporters sold from 280c to 312c while the restockers paid from 230c to 350c for lightweight young bulls.

To view full NLRS report click here

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