Inverell Cattle Sale Tuesday 23rd July.
Numbers increased for a yarding of 1,840 head.
The main increase was in the yarding of cows with the largest offering for several years.
There was also a good supply of yearlings and a few less weaners this week.
Overall quality was good with a larger number of crop finished cattle through the sale.
The yarding of young cattle consisted mainly of well bred and well finished yearlings, with the largest percentage suitable for backgrounders and feeder buyers.
Vendors were well rewarded this week with all classes of cattle selling on a stronger market.
Restocker weaner steers were 10c dearer selling from 344c to 408c/kg.
The good run of feeder steers were 10c to 15c dearer ranging from 336c to 380c while feeder heifers experienced similar gains selling from 298c to 368c/kg.
The yarding of export cattle consisted of several pens of well finished heavy grown steers and heifers.
Grown steers were 30c to 35c dearer selling from 318c to 368c, while grown heifers gained 20c ranging from 293c to 328c/kg.
The large yarding of cows consisted of good runs of heavy high yielding cows with a good percentage crop finished.
The market was firm to 5c dearer with 2 scores selling from 205c to 268c while 3 scores averaged 276c and 4 score cows sold from 294c to 317c/kg.
There was a very strong bull market with best of the heavy bulls reaching a top price of 334c/kg.
Report compiled by Doug Robson
ROMA STORE SALE TUESDAY JULY 23
9029 HEAD SOLD YESTERDAY. A QUALITY LINE UP OF CATTLE WITH ALL CATEGORIES SELLING STRONGLY
YEARLING STEERS C2 SCORE
UNDER 200 KGS SOLD TO 420 TO AVERAGE 397
200 TO 280 KGS SOLD TO 430 TO AVERAGE 384 OR $973 280 TO 330 KGS SOLD TO 430 TO AVERAGE 385
330 TO 400 KGS SOLD TO 420 TO AVERAGE 366
OVER 400 KGS SOLD TO 378 TO AVERAGE 358
GROWN STEERS C3 SCORE TO PROCESSORS
600 TO 750 KGS SOLD TO 338 TO AVERAGE 326
YEARLING HEIFERS C2 SCORE
200 TO 280 KGS SOLD TO 312 TO AVERAGE 281 280 TO 330 KGS SOLD TO 322 TO AVERAGE 288 330 TO 400 KGS SOLD TO 324 TO AVERAGE 293 OVER 400 KGS SOLD TO 344 TO AVERAGE 312
COWS UNDER 520 KGS
D2 COWS SOLD TO 278 TO AVERAGE 222 D3 COWS SOLD TO 284 TO AVERAGE 260
COWS OVER 520 KGS
D2 COWS SOLD TO 300 TO AVERAGE 242
D3 COWS SOLD TO 322 TO AVERAGE 286 OR $1722
BULLS OVER 600 KGS SOLD TO 304 TO AVERAGE 277 OR $3049
THIS IS CHARLES WEYMAN JONES IN ROMA, REPORTING FOR RESONATE REGIONAL RADIO
Mutton market mixed with larger supplies but still strong
After a month of mutton prices rising the market has been mixed across the state this past week with larger numbers coming through at several selling centres, however agents say things are still looking very positive.
While the NSW Mutton Indicator dropped this week, sitting at 458.70 cents a kilogram (carcase weight) on Tuesday, down 18.5c/kg from one week ago, it is still 115.62c/kg higher than last month.
At Wagga Wagga last Thursday Meat and Livestock Australia reported the sheep market held firm to dearer, with more lines of mutton pushing over the 500c/kg threshold.
Processor profit margins rising as US screams out for Australian mince
Profit margins at the processing plant continue to improve on the back of big demand from the United States for burger mince.
That is driving red hot buying competition for finished cattle, particularly in the south where processing capacity has increased, and pushing all categories of the cattle market up in the process.
While that is being welcomed with open arms by producers, the inverse relationship between the profitability of producers and processors is once again remarkably evident.
It perhaps sheds light on the growing appetite for swaps and the development of a cattle futures market in Australia.
The Beef Processor Profitability Index theoretical model created by prominent livestock industry analysts Episode 3 continues to climb, albeit it marginally, this year, showing the current operating environment is favourable for processors.
Episode 3’s Matt Dalgleish said an index of average US imported beef prices from Australian-sourced products had gained nearly 16 per cent since the end of 2023, by contrast, the Australian heavy steer index has lifted just 7pc over the same time frame.
B-double of bullocks now worth $12,000 more than start of month.
The near-vertical spike in the finished cattle market has now driven prices across most categories to the highest point they’ve been in more than a year, delivering hundreds per animal back to the farmgate.
A 550-kilogram northern grassfed bullock is today worth $180 more than it was at the start of July. A 300-kilogram southern weaner is worth $92 more.
To put that in perspective a B-double load of bullocks is worth almost $12,000 more.
Agents say restockers have returned to the rails in significant numbers, encouraged by both rain and the ripper prices on offer for finished cattle.
The Eastern Young Cattle Indicator has jumped 76 cents a kilogram carcase weight in the past month and is today sitting at 79c above the year-ago value.
It is a whopping 306c above where it was in October last year, which was at the bottom of the big El Nino fear driven market decline.
State working dog champs show their talent at Casino
The NSW State Working Dog championships which were held in Casino over last weekend trailed some classy dogs against excellent competition to hand the trophy to an entrant from north of the border.
Judges Shane Randall and Bob Pronard awarded Scott Wilson from Mungindi, Qld with Koolwai Lace the top spot in the open final with 285 points, ahead of Stokers Siding breeder Dick Chapman with Lucky on 281.5pts.
Celebrated trainer of Muster Dogs fame Mick Hudson, Eumungerie, with his dog MGH Try placed third with 281pts.
Mr Wilson bought his winner as an eight-week-old pup, bred by Dave and Kelly Steele, Bauhinia, and trained her into winning form.
Mountain Valley Poll Hereford bull tops 31st sale at $36,000 at Coolatai
A Poll Hereford bull has sold for $36,000, topping the Mountain Valley bull sale, Coolatai and will be heading for Triabunna on Tasmania’s southeast coast for duties in the Greenwood Hereford stud.
The Poll Hereford catalogue sold for a complete clearance, with 36 bulls averaging $12,916 – 33/33 Angus bulls were sold for an average of $10,696.
Tensions run high on eID support at NSW Farmers conference.
NSW Farmers have voted to continue its support for the mandatory roll-out of electronic identification (eID) tags for sheep and goats but it was not without heated debate.
Tensions ran high as primary producers wore their heart on their sleeves from both sides of the discussion when they raised concerns about the issue.
But in a count, they voted down the motion put by Wilcannia/White Cliffs branch to remove support for eID tags as well as Warren’s calls to oppose the scheme unless and until all the conditions currently required by existing principle-based policy (4687) were met.
Larger-than-life-larrikin Stephen Smith to be remembered by studstock industry
Stephen Richard Smith, better known as ‘Smithy’, of Dick Smith Transport, Dubbo, died suddenly on Wednesday, July 10, aged 61.
A larger-than-life-larrikin and friend to all who crossed his path, Stephen’s incredible impact on the Australian studstock industry was nothing short of remarkable.
Stephen was as cheeky as they come, but at the end of the day, he had a heart of gold and was always someone you could count on.
He travelled the road less travelled, met people from all walks of life, and shared the most epic stories.
To those close, Stephen was a devoted family man who would drop everything in an instant for those he loved.
