Markets

Larger runs of cattle meet fierce demand at Gracemere

Beef Central, 22/04/2021

Top X Gracemere agent Brad Mulvihill, with clients Andrew and Nancy Creed, of Creed Grazing Co, and their 412kg Brahman steers which reached 440c/kg, to return $1700/head.

FEEDER steers peaked at 440c/kg at the Central Queensland Livestock Exchange Gracemere Prime and Store Cattle Sale on Wednesday, where a Red Brahman offering of 287 EU-eligible cattle was snapped up by lotfeeders and restockers alike.

The quality line, from Andrew and Nancy Creed, of Creed Grazing Co, Raglan, averaged 412kg and returned $1700/head.

Morgan Harris, Top X Gracemere, said Creed Grazing was among the new vendors at the yards offering larger runs of cattle.

“They were drawn to the sale for the recent good prices, and their cattle met strong demand,” Mr Harris said.

Lotfeeders bought the heavy end of the run, and producers from local grass-fattening operations bought the No.0s (calved during 2020) in the line.

Overall, combined agents processed 3460 head of very good quality cattle, which were drawn from as far north as Charters Towers and south as Miriam Vale.

Steer prices topped at700c/kg for a pen of weaners averaging 134kg from K Steggall, which returned $939/head. In the weaner steer category, JE and RM Olive also had a good result, with a Brahman line averaging 242kg reaching 578c/kg, and returning $1400/head.

In female categories, a highlight included Brahman heifers 294kg from Ruan Grazing, Clermont, making 464c/kg, returning $1367.

Mr Harris said the cow market was strong and had lifted compared to last week’s results, partly because an extra processor was operating in the buying gallery.

Boyne Valley vendor Milton Ag sold 562kg Brahman cows for 303c/kg, returning $1704/head.

For cows and calves, Keldou Pty Ltd, Mt Alma, topped prices reaching $2500/unit for a Brahman cross offering.

“I think the yardings will continue to hover around the same size as this week’s numbers for a while,” Mr Harris said.

“We are starting to see the lead of No.1 weaners coming through, they are very good quality cattle with plenty of weigh and condition.”

 

Source: RLX

 

 

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