Rain keeps steer market in solid form

Harvest in the Wellington region. Photo: Dillon Price Photography
Harvest in the Wellington region. Photo: Dillon Price Photography

The marvelous rain that fell on the district from Friday until Sunday morning yielded from 49 to 100mm around the district, finishing with a fine afternoon.

One can almost see the green grass bouncing out of the ground.

Those that haven’t finished harvesting are hoping for fine weather so that headers can work again.

At Dubbo last Thursday 2980 prime cattle penned in a mainly good quality yarding with good numbers of most categories, however heavy lifters were limited.

Trade young cattle rose 1 to 10 cents.

Feeder steers lost 2 to 3 cents while feeder heifers coined 5 cents.

Restocker young cattle were dearer reaching 422 cents and backgrounder steer yearlings sold to 365 cents per kg.

Heavy steers were firm, heavy heifers were also around firm. Cows were firm to 2 cents cheaper.

Quotations calves 330 to 414, Steer vealers 294 to 422, Heifer vealers 270 to 370, steer yearlings 273 to 365, Heifer yearlings 263 to 313, Heavy steers 250 to 298, Bullocks 249 to 277, Heavy heifers 213 to 270, light cows 170 to 204, medium cows 160 to 229, heavy cows 207 to 236, bulls 215 to 290.

Friday at Dubbo 2230 store cattle penned in only a fair quality yarding with odd pens of good quality cattle.

A large percentage of the weaners were very plain quality cattle in poor condition.

With rain forecast the steer market remained solid with weaners selling from $410 to $1080 to average $760 or 352 cents per kg, steer yearlings ranged from $740 to $1060 to average $903.

Heifer weaners were a little dearer and traded from $400 to $960 to average $625, heifer yearlings realised from $600 to $900 to average $747.

Ptic heifers made from $800 to $1310, cows and calves were a little cheaper and sold from $895 to $1840, unjoined cows ranged from $500 to $970.

On Monday 10,520 lambs penned in a better quality yarding with a good selection of trade lambs.

With odd pens on well finished heavies, light lambs were limited.

Processor light lambs were firm to $4 dearer, trade lambs rose $2 to $5, heavy weight lambs gained $5 to $9, Merino lambs were limited with trade weights ranging from $115 to $124, restocker lambs made to $119, Hoggets topped at $149.

Quotations: Light young lambs $96 to $110, medium young lamb $112 to $147, heavy young lamb $142 to $164, supermarket young lamb $163 to $180, light lamb $50 to $120, medium lamb $113 to $140, heavy lamb $127 to $151, supermarket lamb $153 to $185, export lamb $183 to $238.

7400 mutton penned in a mostly good quality yarding with the market rising $6 to $8.

Quotations: Light ewes $33 to $96, medium ewes $85 to $146, heavy ewes $110 to $172, light wethers $65 to $89, medium wethers $95 to $138, heavy wethers $128 to $194, rams $30 to $85.

Schute bell report that last week’s wool market consolidated, after the dip of the previous week, and continued to strengthen as the week progressed.

Most merino types finished the week dearer while crossbreds continued to lose ground with the Northern region indicator remaining at 1756 cents per kg clean to show no change.

A total 46912 bales wear sold with a passed in rate of 4.4 per cent.

AWTA data show a 4.6 per cent increase in the volume of wool tested and AWEX auction data shows an 8.0 per cent increase in bales offered.

Volumes traded in the forward market lifted considerably last week with some historically high prices achieved for the first quarter of next year, indicating how solid the current level of demand is the physical market.

Forecast

The Bureau of Meteorology (BOM) has forecast more rain for the region before the week is out. A 90 per cent chance of between 4 to 5mm is predicted to fall today, Wednesday, December 6. Thursday will be partly cloudy and a possible shower on Friday.