RECORDS for young cattle fell like nine-pins in another very strong AuctionsPlus sale result on Friday.
Prices increased across all categories, with solid interest recorded from lotfeeders amplified by strong restocker competition for the 7248 head offered, up 1837 from the previous week.
Given the scarcity of feeder and light backgrounder type cattle in the market at present, new lotfeeder bidders are being observed on AuctionsPlus recently.
Friday’s combined northern/southern sales had a 73pc clearance rate prior to final contracting.
Steers weighing less than 250kg made 313c, 8c up from last week while heifers of the same weight range saw prices from 208-290c, averaging 264c.
The first of the AuctionsPlus records came for 242kg liveweight Wagyu x Angus weaner steers from Tumbarumba in NSW, which made an astonishing 557c/kg liveweight when bought for backgrounding by a southern Queensland lotfeeder. While Wagyu-infused descriptions carry a unique premium that sets them apart from conventional breeds for Wagyu branded beef programs, the record price still equates to a value of $1350 a head – for steer calves less than 250kg liveweight.
The half-sib sisters to the record-setters, averaging 225kg, sold almost as well at 547c/kg liveweight.
The general run of 250-300kg steers sold on Friday made 262-352c to average 312c, 3c higher than the previous week. There was a large offering of heifers in the same weight range which made an average of 275c, up 2c.
Yearling steers 300-350kg made 257c-322c to average 293c, and heifers made 274c, 14c up from the previous week’s sale.
Heavy steers over 350kg made 272c-334c to average 310c, 12c higher, with two lots from Walcha in northern NSW taking the top prices and an AuctionsPlus record for heavy feeders of 334c (equivalent of $1520 a head) for a line of 48 Angus steers, 455kg and a line of 19 heavier Angus steers, 481kg, which sold for 328c ($1575). Buyer for both lost was a southeast Queensland feedlot.
Heavy yearling heifers +350kg sold from 282c-329c, to average 263c.
A good offering of PTIC first-calvers averaged $1053, with a top price of $1270 for Possum Point blood Angus heifers PTIC to Reiland LBW Angus bulls.
Proven breeders from 3-11 years made a top price of $1400. There was also a herd dispersal from Glen Innes of Angus Cows PTIC to Angus bulls which saw younger females ranging from $910-$1590 and older females making $1130-$1500.
Cows and calves made a top price of $1690 for a small offering of joined Rennylea blood Angus cows with Angus calves at foot from Boorowa, NSW.
Once again, stock sold via AuctionsPlus listings are on the move, with interstate buyers purchasing large portions of Friday’s offering from Queensland, NSW, Victoria and South Australia.
Click here to view full tabulated results from Friday’s AuctionsPlus sale.
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