360-400kg: $1870-$2040 av 514c/kg
280-360kg: $1700-$1890 av 536c/kg
200-280kg: $1500-$1630 av 629c/kg
COW/CALF operators fielding their first annual drafts of autumn-drop weaners were dealt a significant price check at Euroa on Wednesday when sales were trimmed by $500 to $600 a head compared to 12-months ago.
And, whilst averaging $200 a head better than their results of two years ago, the sale’s 2314-strong yarding, nonetheless, returned a healthy average of $1830/head or 530 cents a kilogram.
Best support in the early lanes of the sale came via local northeast or Goulburn Murray bullock finishers restocking or topping up numbers following abundant spring rains.
Bids for the heavier drafts – weighing 370 to 400kg – ranged from $1880 to a top of $2040 with six lots fetching sales of $2000 or better.
Topping the sale with a pen of 30 Angus, 389kg, was John and Kathy Harris, “Warrenhall” Warrenbayne.
Their Prime Angus and Connamarra-blood Angus were aged 9-10 months while the seconds of the Warrenhall draft – a pen of 24 head, 329kg – made $1900.
Addressing the gallery prior to starting the sale Euroa agent Russell Mawson, Nutrien said it was testament to the quality of the Euroa genetics as to the weights of this year’s yarding.
A lot of these cattle have lived in water for six months Mr Mawson said. But when it dried and the feed exploded, so did the cattle, with many growing at rates of 2 to 2.5kg a day for the last two months leading up to the sale, he added.
“In fact, many of the drafts have presented with more weight than last year” Mr Mawson said.
Selected to stand in pen number one as the opening lot of the sale Pyalong vendor Leone Ryan was chuffed with her yard of 20 Angus, 400kg by Adameluca- and Weemalah-blood stud bulls.
These made $1990 while a second yard of Ms. Ryan’s “Kerami” steer draft, a pen of 27, 363kg made $1870.
JH Wall & Sons “Lynfield” Gowangardie sold 20 Angus, 393kg, at $2000 while a second pen of 40 of the Wall family’s pure Merridale-blood steers, 346kg made $1870.
As the sales largest volume vendor offering 150 Angus steers, also sired by Merridale bulls, Hanson Angus of Yea sold pens of 20, 380kg at $2010, a yard of 18, 356kg at $1890 and a third line of 60, 325kg, sold at $1850.
Watch the opening lane of sales as streamed live by Beef Central:
Euroa agent Michael Curtis, Rodwells said the correction in prices, especially over the past two months (and although huge compared to a year ago) fell mostly into a range expected by the selling agents.
The quality of this yarding and for the age of these cattle was exceptional given the year they have endured Mr Curtis said.
Mr Curtis said the revised prices were however very relevant to current rates being offered by feedlots and for bullocks being sold for slaughter.
Feeders are currently making $2200 to $2400 at $5/kg and 650kg bullocks are returning about $3000 which is still an acceptable change-over for those able to trade, Mr Curtis said.
Local buying support was the backbone of the buying demand with only the one major operator trucking some 600 to 700 head to various orders in the Riverina.
And, while other commission-order buyers observed the sale they were noticeably inactive indicating that prices were either still to high or conditions to the further north remained unsettle following the rain-soaked spring conditions.
Watch Beef Central’s complete post-sale interview with Michael Curtis:
In the middle drafts of the sale – for pens weighing 300- 350kg- prices mostly ranged from $1780 to $1850 with odd sales higher.
This equated to sales of 520- to 560-c/kg with lighter weights sold from $6 to $6.80/kg.
Elders auctioneer Joe Allan said in spite the price correction the overall result was reasonably satisfactory.
“Everyone was very aware the market would correct and if it settles going forward where it was today it should still be most acceptable for both buyers and sellers”, Mr Allan said.
A selection of yearling-off and grown steers were also offered which saw Black Baldy steers, 500kg sold at $2200, yards of Murray Grey steers, 415kg sold at $1880 and yards of Angus steers 396 and 440kg sold at $1940 and $2070.
Other top weaner sales:
Yandra 18 Angus, 374kg, $2030
Burnside 21 Angus, 385kg, $2020
H&A Cocking, 30 Angus, 370kg, $2010
R McGeehan & S Gall, Flowerdale – 20 Angus, 389kg, $1995
Balthayock Pastoral, 16 Angus, 386kg, $1995
Waranga Park 9 Angus, $1980
GI & PA Rowe 20 Angus, 371kg, $1960
Beavis Farming 20 Angus, 387kg, $1950
Highfield Pastoral 12 Angus, 368kg, $1950
G&P McDonald 17 Angus, 364kg, $1930
IL Dickson 14 Angus, 386kg, $1900