Scattered rain boosts Dubbo store cattle sale
March 2, 2018
Source: Mark Griggs, The Land Newspaper.
What a difference some rain makes for store cattle sales and values especially for younger cattle which firmed up at Friday’s Dubbo fixture.
Scattered showers throughout the north of the state plus rain in Queensland pressured prime cattle buyers to move to Dubbo sales last Thursday to supplement processing demands pushing up values 24 hours prior.
According to selling agents, the higher price trend followed on to the store sale.
Landmark Milling Thomas agent, Peter Thomas, said weaner steer and heifer prices were solid, especially the bigger lines.
“It was nice to see a lift in values for vendors,” Mr Thomas said.
Martin Simmons, Elders, Dubbo, said quality lines sold extraordinarily well.
“Although no rain locally, rain elsewhere gave everything a boost and generated more interest,” he said.
PT Lord Dakin’s Paul Dakin, said there was a lot more interest shown by tablelands graziers.
“There was a presence from southern and central tablelands buyers, which we haven’t seen so far this year,” he said.
“People were paying money for smaller cattle, looking to limit their exposure and taking numbers rather than size today.”
For further details, read the Meat and Livestock Australia report here.