Pric­ing boom

Live­stock re­turns are soar­ing

Southern Riverina news - - NEWS -

A na­tion-wide short­age of sheep and cat­tle has seen prices sky-rocket at lo­cal sales, with record prices be­ing achieved at Fin­ley in the last few months.

Elders live­stock agent James Kennedy said the mar­ket boost is a re­flec­tion of chang­ing sup­ply and de­mand rates.

With sheep sales reach­ing a high of $217 at the Fin­ley sa­le­yards, he also said this year’s yard­ing num­bers have had a fan­tas­tic turn-around from 2016.

‘‘Up un­til this year, we hadn’t seen a sale over $200, but we’ve had quite a few sell for over $200 re­cently,’’ he said.

‘‘Sheep num­bers in lo­cal markets have grown since, and lately there have been yard­ing’s of 3500 to 4000 sheep. We didn’t see num­bers like that un­til late win­ter last year.’’

Over­all, Mr Kennedy said on a per kilo ba­sis, sa­le­yard prices were stronger com­pared to over the hook rates.

‘‘We’ve seen bet­ter fin­ished lambs this year with more weight, and the stock has been qual­ity,’’ he said.

Like sheep sales, cat­tle prices have also been strong at re­cent sales de­spite lower yard­ing num­bers. The most re­cent cat­tle sale was held on June 7, with the next to be held to­day.

‘‘At the fort­nightly cat­tle sales, there’s been a con­sis­tent yard­ing of around 350 cat­tle, whereas 12 months ago we saw the yard­ing reach around 500,’’ Mr Kennedy said.

‘‘Al­though yard­ing num­bers have dropped from last year, strong prices have drawn sell­ers to the yards.’’

For veal­ers, prices have reached to­wards 390c per kilo, while cows have seen sales of 260c per kilo and heavy steers have climbed to 330c per kilo.

‘‘It’s an ex­cit­ing time for the in­dus­try and as the sup­ply has dropped, pro­duc­ers are be­ing re­warded with great prices,’’ Mr Kennedy said.

‘‘How­ever, the markets are start­ing to ease back.’’

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