Weekly Cattle Report: Dubbo Sale Yards Surge with Increased Numbers

Market Overview

This week, the Dubbo Sale Yards witnessed a significant increase in cattle numbers, lifting by 3,000 to bring the total yarding to 7,480. The quality of the cattle was notably impressive, featuring a solid selection of prime cattle across all categories, suitable for both backgrounders and feeders. Despite some regular buyers abstaining from bidding, particularly southern processors, additional support from restockers from the New England area was evident.

Cattle Prices and Trends

Young cattle intended for trade remained stable, with prime vealers and yearlings fetching between 360c to 490c/kg. Feeder steers and heifers saw price increases of up to 12c, with feeder steers selling from 440c to 536c, while feeder heifers traded between 384c to 475c/kg. The market for young cattle directed towards restockers displayed a significant increase, with young steers selling at 608c and young heifers at 548c/kg.

Grown Cattle Prices

For grown steers and heifers, the market held firm, with prime grown steers selling between 390c to 497c/kg and prime grown heifers priced from 420c to 478c/kg. Conversely, cows experienced a decline in price, dropping by 21c to 27c. Scores 2 and 3 cows went for 250c to 367c/kg, while prime heavy-weight cows averaged 390c/kg, selling between 365c to 420c. Cows returning to restockers ranged from 242c to 385c/kg, and heavy bulls sold at 404c/kg.

Conclusion

This report highlights the dynamic nature of the Dubbo cattle market, showcasing both increased volume and varied pricing across categories. For a detailed account of the NLRS Dubbo sale report, click here.

Report produced by David Monk.

Source: NLRS.