Markets

Dubbo Sale 7 Nov 2019: western rain boosts market

David Monk, November 8, 2019

Yarding 3715 Change -350

It was a plain quality yarding with large numbers of yearlings which were mostly in store condition.

There were only limited numbers to suit the feeders and processors. Bobby calves and cows were well supplied though the cow quality was back and there just a few pens of well finished grown steers and heifers. Most of the regular buyers were in attendance and operating in a solid market though a couple of southern restockers were absent though they were replaced by Forbes and far western buyers.

The bulk of the cattle in the yarding were sourced from local districts with very few if any coming in from the far west following their excellent rain. The exception was a large consignment of cows from the St George district which had been in hand for over a week.

NLRS advises the few young cattle suitable for the trade were 8c dearer with the prime steer yearlings selling from 280c to 310c with the heavy weights over 400kg averaging 304c/kg. The prime heifer yearlings sold from 255c to 289c/kg.

Feeder steers and heifers were 8c to 12c dearer with good support coming from both northern and southern buyers. The feeder steers sold from 274c to 317c with most weight categories averaging around 297c/kg. The feeder heifers sold from 250c to 284c with the light and medium weights averaging 268c while the heavier weight heifers averaged 275c/kg.

With the excellent rains in the far west the buyers claim they will get almost instant feed hence the added competition from those areas which resulted in most of the young cattle going back to the paddock selling at 8c/kg dearer rates despite the absence of the southerners. The young steers to the restockers sold from 170c for very plain crossbreds to 310c for good quality Angus calves. The good number of lightweight steer yearlings weighing between 200kg and 280kg averaged 278c while the heavier steers to the restockers averaged 287c/kg. The restocker heifers sold from 185c to 270c to average around 250c/kg.

The few prime conditioned grown steers in the yarding were 10c dearer with the prime medium and heavy weights selling from 298c to 314c with the 500kg to 600kg steers averaging 308c/kg. The feeders were active on suitable pens of grown steers with two teeth. They sold from 269c to 285c/kg. The grown heifers were close to firm selling from 275c to 286c with the heavy weights averaging 284c/kg. The restockers were active on the plainer conditioned grown heifers paying from 212c to 259c/kg.

The urgency from the buyers continues in the cow market with the cows enjoying a further rise of between 8c and 12c/kg. That is the fifth consecutive week where the cow market has risen. The 2 score cows to the processors sold from 185c to 241c with the 2 scores over 400kg averaging 223c/kg. The better 3 and 4 score cows sold from 220c to 272c with the prime heavy weights averaging 261c/kg. There was keen interest from the restockers in the cows in plain condition with the restockers paying from 172c to 228c/kg.

Bulls finished 10c dearer with the better heavy weights selling from 277c to 299c to average 290c/kg. Young bulls to the restockers sold from 235c to 317c/kg.

For full NLRS sale report click here

HAVE YOUR SAY

Your email address will not be published. Required fields are marked *

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Beef Central's news headlines emailed to you -
FREE!