Prices soar in winter months
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?”