Market Update: Dubbo Saleyards First Sale of the Financial Year

Yarding Overview

Total Yarding: 4830 Change: +1570

The first sale of the new financial year saw a significant increase in cattle numbers, lifting by 1,600 for a total yarding of 4,830. The mix included a healthy selection of prime cattle across all sections, coupled with ample numbers suitable for feeders. A diverse array of secondary cattle was also presented, ensuring a competitive environment among buyers.

Price Trends

Younger Cattle

Young cattle destined for processors experienced an 8-cent increase, with prime vealers and yearlings fetching prices between 350c and 420c/kg. Feeder steers and heifers saw a rise of 7 to 12 cents, with the former selling from 340c to 479c and the latter ranging from 320c to 412c/kg. However, weaners for restockers saw a slight decline, with young steers selling up to 458c and young restocker heifers reaching prices of 355c/kg.

Grown Cattle

The better quality grown steers saw price increases of 15 to 20 cents, while grown heifers concluded with a drop of 5 cents per kilogram. Prime grown steers were sold for between 310c and 429c, whereas prime grown heifers traded between 300c and 410c/kg. Cows remained firm, with prices dipping by 3 cents despite a higher top price. 2 and 3 score cows traded from 252c to 326c, while prime heavy weight cows sold from 310c to 364c and averaged 338c/kg. Limited numbers of cows sold to restockers fetched 278c/kg. Notably, heavy bulls achieved prices of up to 340c/kg.

Conclusion

This report summarizes the dynamic market conditions at the Dubbo saleyards, highlighting the competitiveness among buyers and varied pricing across cattle categories. As the new financial year unfolds, stakeholders in the industry will be keenly examining these trends.

Report produced by David Monk.

Source: NLRS. To view the full NLRS Dubbo sale report click here