Prices soar in winter months

Central and North Burnett Times - - RURAL UPDATE - Kate Dar­vall Kate.dar­vall@south­bur­nett times.com.au

THE beef mar­ket is reach­ing new winter highs, with prices soar­ing to al­most 360c/kg.

Aussie Land and Live­stock’s Midge Thomp­son said Santa steers from Tin­goora made 356c/kg, sell­ing for close to $1000/head.

He also said heifers made 312c/kg, re­turn­ing more than $1000 a head at the most re­cent weaner sale.

The Kin­garoy agent said the high prices in­di­cated a drop in mar­ket num­bers.

“Num­bers are what’s mak­ing the mar­ket very dear and those num­bers are dwin­dling ev­ery day,” he said.

Mr Thomp­son said num­bers dropped right across the coun­try due to hard­ship in drought.

“A lot of those guys don’t have the op­por­tu­nity to re­stock and get their num­bers back up,” he said.

“It’s just one rea­son cat­tle are very dear and get­ting dearer all the time.

“No-one knows how far it will go. If any­one’s got cat­tle they want to sell, now’s a pretty good time.”

While Mr Thomp­son said the high sale prices were good for some, he said with ev­ery high there was a low.

“We’d be bet­ter off if the mar­ket was a lit­tle bit less than what it is now: It would be bet­ter for ven­dors and re­stock­ers,” he said.

“We’re on that high trend now but it’s go­ing to be a back­wards trend soon enough.”

Mr Thomp­son said it was a sellers’ mar­ket and urged buy­ers to be vig­i­lant.

“If you’re buy­ing, be care­ful what you pay for them,” he said.

“They’re very valu­able today but who knows what the mar­ket’s go­ing to be in six months?”

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