This last week consisted of, heat, cold nights and no rain with Wellington having recorded at the time of writing only 225.4mm for 9 months. The average rainfall to September is normally 423.5 and to this day in 2016 we had 720.0mm. I consider this winter to be one of the driest on record for Wellington.
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Last Thursday at Dubbo 5250 prime cattle penned in a mixed yarding with some good lines of young cattle to suit the feeders and trade buyers along with some well finished bullocks and cows. A larger percentage of plainer cattle from the Far West were also present. Trade young cattle gained 15 cents, feeders rose 12-15 cents, restocker young cattle also improved topping at 320c. Heavy steers lost 1-3 cents, heavy heifers reached 255c, cows fell 10c, bulls also lost ground selling to 260c/kg.
Quotations: calves 240-402, steer vealers 220-320, heifer vealers 230-298, steer yearlings 210-304, heifer yearlings 170-304, heavy steers 213-282, bullocks 230-280, heavy heifers 160-263, light cows 130-188, medium cows 140-208, heavy cows 185-226, bulls 190-265.
Friday at Dubbo 965 store cattle penned in a mainly fair quality yarding. The yarding also included a dispersal of a local Angus herd due to the sale of a property. Weaner steers were firm selling from $280-$845 to avg $571 or 286c/kg, steer yearlings were limited ranging from $870-910 to avg $890 or 288c/kg. Weaner heifers were cheaper and traded from $292-690 to avg $489 or 241c/kg, yearling heifers realised $680-730 to avg $707, PTIC cows made from $690-1440 to avg $1080, cows and calves sold from $730-1700 to avg $1231, unjoined cows ranged from $295-805 to avg $543.
Monday at Dubbo 21800 lambs penned in a plain quality yarding with only odd pens of well finished and heavy lambs throughout, a large percentage of the yarding consisted of secondary lambs showing the effects of the poor season. Processor light lambs were firm to $4 cheaper, trade lambs finished firm to $3 dearer. A limited selection of heavy weight lambs were $2 dearer. Merino lambs were firm with the trade weights selling from $108-138 and the heavy end reached $158. Restockers paid to $108, feeders to $116 and hoggets topped at $128.
Quotations: light young lamb $46-$110, medium young lamb $109-$142, heavy young lambs $125-146, light supermarket lamb $140-154, light lambs $46-105, medium lamb $98-128, heavy lamb $115-138, supermarket lamb $150-180, export lamb $118-200.
12300 mutton penned in a mixed quality yarding, light and medium sheep fell $3-5, heavy sheep lost $9-12.
Quotations: light ewes $20-77, medium ewes $55-112, heavy ewes $75-130, light wethers $50-68, medium wethers $79-102, heavy wethers $105-127, rams $20-79.
Schute Bell report that last week’s wool market returned to a stable environment with little change registered across all micron categories. Better style and special Merino types continue to be the leader. The continued presence of higher VM lots as well as the growing number of high mid break lots are coming under price pressure 40,699 bales were offered last week with 37,910 sold and a passed in in rate of 6.6%. The Norther Region Indicator closed at 1596 cents per kg clean a rise of 6 cents. The previous week the annual Nanjing wool conference was held attracting large Chinese wool traders. The feeling was of confidence with some processors investing large sums of money into new plant and machinery. The opportunities created for wool in China are substantial.
