Markets

AuctionsPlus numbers lift, as vendor expectations align with market conditions

Beef Central, 19/05/2018

Furneaux Pastoral Co, Caramut, VIC offered 360 PCAS-certified weaned Angus steers this week. One line of 127, averaging 299kg aged 9-10 months, topped the offering, returning 335c or $1000.

 

NUMBERS lifted to 9079 head on AuctionsPlus this week, an increase of 2000 on the previous seven-day cycle.

Queensland contributed the biggest portion of the rise in numbers offered, up 1300 head to 2100, as people returned to work after Beef 2018 week in Rockhampton.

Lighter steers tended firm to slightly better in price, while heavier steers softened a little.

Clearance rates have steadied and 53pc of stock offered were sold at auction, attributed to vendors’ expectations aligning with market conditions.

Interstate bidders bolstered competition on New South Wales stock, notably lines of PTIC females from Walcha which were sought after and secured by South Australian buyers in the Eastern States auction.

Numbers of PTIC females were boosted heavily by the Koolewong Angus herd disperal from Braidwood, NSW which offered 333 stud and commercial cows. These females presented a good opportunity to secure proven genetics and buyers responded, with purchasers from NSW, VIC & SA. Stud females averaged $1825 and sold to a top of $2270 for a line of seven-year old cows.

Nationally, PTIC females were mixed in quality and averaged $1180. The top price of $1750 achieved by commercial females also came from Koolewong Angus for a line of 48 cows, rising four years.

From Atherton in far North QLD, 82 mixed aged Brahman cows averaging 433kg sold for $740. From Bundarra, NSW, a line of 4-6 year old Speckle Park/Santa Gertrudis cows, PTIC to Minnamurra Speckle Park bulls sold for $1130.

Cows and calves presented in mixed quality and prices ranged from $780 to $1960, to average $1370. Rising three-year-old Angus cows from Everton, VIC, with 4-8 week old Angus calves achieved the top price, while from Blayney, NSW, 5-6 year old Angus cows with 118kg Angus calves sold for $1400.

Just shy of 5000 head were on offer in the fortnightly AuctionsPlus Weaner & Yearling Sale.

Danny & Andrew Wilkie, Objective Livestock Marketing, Goondiwindi, QLD, offered 855 head. The vast majority of Andrew’s lots were sold locally, which he found surprising.

“It was difficult to gauge where the light store market would be following on from a softer market last week, both on AuctionsPlus and in saleyards in northern NSW and southern Queensland. Dry conditions are prevailing along the NSW/QLD border but producers further north, who are experiencing a fairer season, seem to be willing to buy cattle at the current market rates,” he said.

In terms of Andrew’s clearance rates, he said conversations with vendors pre-auction was key.

“It’s so important that we utilise marketing channels and set realistic reserves that reflect what you’re prepared to take for your stock, particularly in a tough market.” Top prices recorded by Danny & Andrew’s lots included 236kg Angus steers, 301c and Shorthorn steers weighing 251kg, 299c.

Bald Blair Pastoral Co, Guyra, NSW, offered 174 EU accredited weaned heifers which sold to a top of $1190 for 8-10 month olds averaging 324kg. In all, 10 bidders competed to secure these sought-after females.

From Coolah, NSW, a line of 54 F1 Wagyu weaned heifers averaging 319kg returned $1130/354c and were purchased from Ballan, VIC.

Furneaux Pastoral Co, Caramut, VIC offered 360 PCAS-certified weaned Angus steers. One line of 127, weighing 299kg aged 9-10 months, topped their offering, returning 335c. A line of 71 Angus feeder steers from Dublin, SA, aged 8-14 months and weighing 264kg made 265c.

This week’s Tasmanian cattle sale offered 183 head over 12 lots and listings were dominated by weaners, the majority of which were purchased from NSW. Murray Grey/Gelbvieh heifers from Mayberry, averaging 310kg returned 286c. PTIC Angus cows from Liffey in the state’s north, aged 2-5 years, reached $1350. Also from Liffey, 19 PTIC Angus cows aged 6-10 years made $1155 to a buyer from Southbrook, Queensland.

In a breakdown of young cattle sold this week, by weightrange:

  • Steers less than 250kg sold from 256c to 346c to average 304c/kg; while heifers sold from 203-304c to average 235c
  • Steers 250-300kg sold from 247-341c to average 298c; while heifers sold from 226-277c to average 257c
  • Steers 300-350kg sold from 256-326c to average 282c; while heifers sold from 286-287c to average 286c
  • Steers 350kg+ sold from 257-324c to average 300c; while heifers sold from 235-238c to average 236c

Steer Highlights

  • Angus steers 8-9 months, 234kg, from HOLBROOK, NSW sold for 306c/$720
  • Angus/Poll Hereford steers 8-10 months, 253kg, from KEITH, SA sold for 305c/770
  • Angus steers 8-10 months, 284kg, from CORRYONG, VIC sold for 319c/905
  • Droughtmaster steers 10-14 months, 334kg, from CHINCHILLA, QLD sold for 271c/901
  • Poll Hereford steers 18-20 months, 378kg, from WOOMARGAMA, NSW sold for 257c/970

Heifer Highlights

Angus heifers 8 to 9 months, 224kg, from HOLBROOK, NSW sold for 304c/$680

Angus heifers 8 to 9 months, 281kg, from COOLAH, NSW sold for 269c/755

Angus/ Shorthorn heifers 7 to 10 months, 248kg, from YELARBON, QLD sold for 236c/585

Santa Gertrudis heifers 10 to 19 months, 261kg, from ARAMAC, QLD sold for 227c/590

Source: AuctionsPlus

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