Less of a bull mar­ket as low prices and dry bite

Tasmanian Country - - THE STOCK REPORT -

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.

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