Prices soar to new high

Central and North Burnett Times - - THE FENCE POST -

WIN­TER rain across the east caused cat­tle prices to soar to en­tirely new lev­els last week, and pro­duc­ers re­ceived more than they bar­gained for at the Mur­gon weaner sales on Fri­day.

Un­ex­pect­edly high prices at the sa­le­yards brought on a pos­i­tive spin to the win­ter sea­son, with dol­lar amounts av­er­ag­ing $3.32 per kilo­gram.

Pratt Agen­cies owner Paul Pratt said al­though stock had al­ready been booked in, the in­crease on prices was a high­light for the nor­mally dry win­ter sea­son.

“No one knows how long these prices will last, but ev­ery­body is very, very sur­prised they’ve gone to the heights they have now,” Mr Pratt said.

“The mar­kets are dear, the price of feed is very dear and that’s re­flected to the prices these wean­ers are mak­ing.

“In gen­eral there’s still a lot of coun­try around that is un­der­stocked and peo­ple are look­ing to put out on the pad­docks.”

Mr Pratt said he ex­pected prices to re­main high and pro­duc­ers who are still ea­ger to make the most of prices had not yet missed the boat.

“I think the mar­ket will con­tinue some­where about where it is now, you’ll see fluc­tu­a­tions here and there, but in gen­eral I think it’ll stay strong,” he said.

“It’s also a weather driven thing and we might see a few frosts and cold weather, but there’s noth­ing stop­ping peo­ple from sell­ing at the mo­ment.”

Al­though the mar­ket tended to be a cy­cle of ups and downs for pro­duc­ers, feed­lot­ters, pro­ces­sors and con­sumers, Mr Pratt said it was good to see money back in the pock­ets of the pro­duc­ers.

“The one thing peo­ple have to con­sider is ev­ery­one above the chain has to make money, and that’s the only con­cern­ing thing,” Mr Pratt said.

“At the mo­ment the pro­duc­ers are hav­ing a good time, but it al­ways goes around in cir­cles.”

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