Prices skyrocket as buyers chase stock

There were approximately 800 export and 200 young cattle penned and 2015 started off strongly for Gippsland producers as prices lifted 20c to 30c from the last sale of 2014, with a real sense of excitement spreading through a large group of onlookers.
Not all the regular buyers were present, however competition was fierce from most of the group, with one northern processor re-entering the market after a long absence, and all were keen to secure a share of the limited offering.
Quality was good throughout as the young cattle held a large proportion suited to the trade, while the majority of the grown steers and bullocks fell into the bullock weight range.
The trade cattle were all around 20c/kg dearer as feeders and restockers found it hard to get a look in. Export lines sold to the strongest competition with prices lifting from 20c to 30c/kg.
Vealers sold from 185c to 220c/kg. Yearling trade steers made between 199c and 225c/kg. Yearling heifers to the trade sold between 175c and 213c/kg.
A limited selection of grown steers showing good finish made from 200c to 220c/kg. Bullocks sold from 196c to 230c/kg. Heavy bullocks weighing in excess of 750kg made between 195c and 202c/kg. Heavy weight grown heifers sold between 172c and 194c/kg. Heavy weight Friesian manufacturing steers made from 175c to 186c, with the crossbred portion from 172c to 202c/kg.
Most light and medium weight cows sold from 135c to 150c/kg. Heavy weight cows made mostly between 156c and 181c/kg.
Heavy weight bulls sold between 182c and 238c/kg.

Look about: Kerry Worthy from Korumburra (right) and Hannah Worthy from Leongatha were at Koonwarra’s store sale last Thursday, hoping to find some cattle to purchase.

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Posted by Sarah Vella on Jan 13 2015. Filed under Rural News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry