Market Update: Dubbo Sale Yards Report

Current Yard Numbers

Total Yarding: 3,915 Change: -525

This week’s yarding saw a decrease of 500 head, totaling 3,915. The composition was mixed, with only a limited supply of young cattle available for feeders and processors. There were also fewer grown steers and heifers, though a satisfactory number of cows were present, including some larger consignments of plainer quality cattle from the far west. The absence of several regular buyers contributed to a tougher market this week.

Young Cattle Prices

Young cattle intended for processing experienced a price drop of up to 15 cents, with prime vealers and yearlings trading between 298c to 396c/kg. The premium feeder steers remained relatively stable; however, the majority saw a decrease of 33c to 40c/kg. Prices for feeder steers ranged from 300c to 420c, while feeder heifers traded between 258c to 370c/kg. Young cattle directed towards backgrounders and restockers were down by as much as 40c, with young steers reaching a maximum of 432c and restocker heifers going for up to 325c/kg.

Grown Cattle and Cows

Prices for grown steers and heifers plummeted, reflecting a drop of 35c to 40c/kg. Prime grown steers were sold within the range of 310c to 391c, and prime grown heifers fetched prices from 300c to 375c/kg. Cows also saw a decline, priced 28c to 40c lower, with 2 and 3 scores for processors selling for 120c to 270c/kg. Prime heavy weight cows averaged 275c/kg, with sales ranging from 240c to 285c. Prices for cows directed to restockers dropped by 40c to 60c, with sales between 185c to 262c/kg. Heavy bulls sold for up to 330c/kg.

Conclusion

This report highlights the challenging market conditions faced by buyers this week at Dubbo Sale Yards. Continued monitoring of market trends is essential for all participants in the cattle industry.

Report produced by David Monk.

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