Less of a bull market as low prices and dry bite
AUTUMN bull sales interstate have felt the impact of declining cattle prices and a long hot summer.
Just like commercial cattle returns, prices for bulls have dipped from last year’s record highs. However, both still remain historically strong.
Elders studstock agent Ross Milne said bull sales had been solid, particularly in southeastern South Australia and Victoria’s western regions earlier in the season.
“In the past couple of weeks things have got a little bit tighter, with people spending less as it remains reasonably dry, affecting sales in mid to late March,” he said.
“In most occasions it came back to the price level of 2016.
“We probably had record highs last year, but it has come back to levels relative to where the industry is, and reasonable for both sides of the equation,” Mr Milne said.
The Weekly Times has recorded results from 80 studbeef bull sales across Victoria, southern South Australia and NSW’s Riverina in the past two months.
Of the 4457 4014 sold, equalling a clearance rate of 88 per cent, with just 22 of the 80 sales increasing their average price.
Last year’s clearance rate was 94 per cent and there were only 13 studs that failed to increase their average price.
It was Woonallee Simmental stud in South Australia that again achieved the highest price, at $52,500, and the highest average of $9235 for 101 bulls, down from $9759 for 102 bulls the previous year.
Injemira Herefords in NSW followed closely behind with a top price of $50,000 and averaging $9182 for 93 bulls, down from $9742 for 95 bulls last year.
Bucking the declining trend were some Angus studs in Victoria. The Weeran stud jumped more than $3000 and it sold selling 11 bulls more than last year, while Prime Angus lifted by $2707 with six fewer bulls sold.
Banquet Angus sold the highest priced Victorian bull at $35,000.
Landfall Angus has topped the Tasmanian sales with a state record price of $37,000.