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Lambs reach pleasing top of $178

24/06/2018 / by admin

Dubbo’s sheep and lamb sale on Monday, February 3, saw prices lift across the board with the official market being quoted $10 to $15 dearer for the better end of our production.
Nanjing Night Net

Colin Milgate from Tomingley had the pleasure of topping the sale when his pen of lambs sold for $178 per head, a price we have not seen for a very long time.

The best prices on offer on the day were around $5 per/kg dressed weight plus skin value.

Processing companies are now talking contracts at this price or slightly better for April/May delivery in an effort to get producers to spend the extra dollars to make sure their lambs reach the required specifications.

Mutton sales on the same day saw prices reach levels above agents expectations in a total offering in excess of 41,000 head.

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Graeme Board, as mentioned in a previous column, was recently awarded Citizen of the Year for Dubbo. To complement this wonderful achievement, Graeme has now announced that he is having somewhat of a sea change within the industry for the next 12 months or so.

Under a contractural arrangement he will continue to be the livestock auctioneer for Davidson and Cameron (a subsidiary of the Ruralco Group) at Dubbo.

As I understand, he has also retained his horse selling interests across the eastern states. To completely fill his diary he has also been appointed as assistance manager/sales consultant with Bob Berry and Co, one of the city’s leading privately-owned real estate agencies.

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Beef processing in the USA has hit the wall in terms of profitability with more down-side likely to come in the near future.

There are four major beef processors in the States and, as I understand, two of these companies have, in recent times, closed their operations in an effort to “catch their breath” and re-group.

The big four are Cargill, National Foods, Tyson and JBS.

As we write this column, it would appear that Tysons and JBS are still operating.

Reasoning behind these difficult times are the one-in-50-year drought which much of the country has endured for years, thus decimating the cow herd.

Calving has been low and this, combined with high demand, has suddenly seen a situation where requirements are far outstripping supply.

Much of the country not in drought is covered by snow which, in the long-term, will be beneficial, but short-term is creating a supply shortage.

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Dubbo on Thursday, February 7, saw a yarding of 4500 head.

Surprisingly some good prime pens of cattle were available and, while the market was stronger, many vendors thought they had not been adequately compensated for the extra cost and time to get their cattle to such a high standard.

Many cows and calves were split.

Basically these cows in store condition sold from 70c to 105c/kg depending on quality, age and frame.

Their offspring primarily three to seven months were purchased in the range of 110c/kg to 150c/kg.

Many of these cattle had long road trips as they were destined for central and western Victoria.

This story Administrator ready to work first appeared on Nanjing Night Net.

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