Wellington Stock Report | Trade young cattle up

Schute Bell Report: Last week's wool market partly resurrected itself from the slide in prices the previous week to gains over both selling days last week.
Schute Bell Report: Last week's wool market partly resurrected itself from the slide in prices the previous week to gains over both selling days last week.

At Dubbo last Thursday, 1,800 prime cattle penned in a fair quality yarding with good numbers of cows along with a few pens of well finished heavy steers. 

Trade young cattle were dearer, feeder cattle gained 15 to 20 cents with feeder steers selling from 244 to 330 cents and feeder heifers ranging from 229 to 295 cents per kg. Restocker young cattle rose 30 cents and more in places with steers trading from 250 to 324 cents and heifers realising 148 to 276 cents per kg. 

Heavy steers lost 3 cents, heavy heifers fell 6 cents, plain conditioned cows improved 5 cents while the better finished cows were down 2 to 7 cents per kg.

Quotations steer vealers 250 to 324, heifer vealers 148 to 266, steer yearlings 196 to 325, heifer yearlings 152 to 298, heavy steers 220 to 330, bullocks 290 to 298, heavy heifers 200 to 270, light cows 112 to 169, medium cows 150 to 222, heavy cows 191 to 233, bulls 156 to 245.

Dubbo last Friday 500 store cattle penned in a mixed yarding with the steer market $35 dearer and the remainder firm. 

Steer weaners sold from $125 to $750 to average $395 or 223 cents per kg, heifer weaners ranged from $120 to $585, to average $303, one pen of yearling steers made $450, PTIC cows traded at $520. 

Cows and calves realised $470 to $1,200 to average $880, one pen of unjoined cows sold for $480.

Monday at Dubbo 11,760 lambs penned in a largely plain quality yarding with limited suppliers of well finished lambs, light and medium lambs to processors were generally cheaper. 

Restocker young lambs quality contributed to a dearer market with the heavier end gaining up to $18 per head, the market for heavier lambs which attracted both domestic and export competition was firm to slightly dearer. 

An improvement of both quality and weight in both young lambs and extra heavies produced higher prices.

Quotations light young lamb $79 to $111, medium young lamb $97 to $149, heavy young lamb $140 to $160, supermarket young lamb $150 to $182, light lamb $36 to $106, medium lamb $108 to $143, heavy lamb $136 to $163, supermarket lamb $160 to $200, export lamb $166 to $230.

10,695 mutton on offer in a varied quality yarding, the market was generally firm to a little dearer for the light and medium weights, heavy weight crossbred ewes sold to a dearer trend, there were no heavy Merinos.

Quotations, light ewes $30 to $99, medium ewes $80 to $158, heavy ewes $108 to $148, light wethers $66 to $90, medium wethers $84.60 to $121, rams $60 to $126.

Schute Bell report that last weeks wool market partly resurrected itself from the slid in prices the previous week to gains over both selling days last week. 

The largest gains were in the med micron Merino types and the Merino carding indicator which has risen 160 cents in the past fortnight.  28,995 bales were sold nationally for the week with the passed in rates being 5.9 per cent. 

As predicted last week the Australian wool production forecasting committee increased the expected decline in production for the nation clip.  The new estimate for the 2018/2019 season is a decline of 10.8 per cent an increase of 5.1 per cent due to the adverse seasonal conditions. 

There will be an increase in volume of 18 micron and finer and up to 40 per cent decreases in wool testing 20 – 23 microns. Growers who voted in wool poll have voted that a 1.5 per cent levy should replace the current 2 per cent.  The northern regions indicator closed at 1898 an increase of 79 cents.

Last sales for 2018

  • Last Prime Cattle Sale: December 13, 2018
  • Last Store Cattle Sale: December 14, 2018
  • Last Sheep Sale: December 17, 2018

First Sales for 2019

  • First Cattle Sale: January 3, 2019
  • First Sheep sale: January 7, 2019