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Restocker demand fuels rising value for young steers on AuctionsPlus

Beef Central, 22/08/2020

Golden Arrow Grazing Co from Hannaford, QLD sold this line of 91 Angus backgrounder steers, 8-10 months averaging 214kg, for 616c/kg. They will travel to Jandowae, QLD.

CATTLE numbers were boosted this week with just shy of 13,000 head offered online, 2100 more than last week. With the cattle market defying external factors and continuing to strengthen, many vendors are looking to take advantage of the high prices.

The Northwest Slopes & Plains of NSW listed the most cattle this week with 2749 head, 21pc of the overall offering. Western and Southern QLD followed, offering 1603 and 1577 head, respectively.

Demand from restockers continues to fuel the market, particularly as many regions are heading into their best spring in recent years and are actively sourcing stock to capitalise on the favourable season.

Southern QLD was the largest purchasing region again this week with 2619 head returning to area, 23pc of all cattle sold. The NW Slopes & Plains and Riverina regions of NSW also made significant purchases, each buying 1462 and 1226 head.

Cow and calf units sold to a dearer price trend, rising by $177 to range between $1570 and $3400. Top price was achieved by Narramore Angus from Elong Elong, NSW with a line of 12 station mated Angus cows and calves. The four-year-old cows had 2-16 week old calves which average 164kg and will travel to Elderslie, NSW. Another highlight was a line of Angus x Shorthorn NSM cows, 3-5 years with 36 calves averaging 91kg from Condobolin, NSW.

PTIC cows eased $48 this week, selling between $1370 and $2590 to average $1905. The highest price of the category was claimed by Yalgoo Partnership from Walcha, NSW with a line of PTIC Poll Hereford cows. Bred with Yalgoo Poll Hereford blood, the 3-7 year old cows averaged 668kg, and are 4-6 months PTIC to Poll Hereford bulls. From Adelong, NSW a line of 21, rising four year old PTIC Hazeldean blood Angus cows averaging 580kg sold for $2420. They will travel to Cootamundra, NSW.

PTIC heifers also eased slightly, back $17 to sell between $1440 and $2440 and average $1970. A & K Waldren from Adelong, NSW offered a line of 29 PTIC Angus cows which achieved top price. The rising three year old heifers averaging 553kg and are 2-4 months PTIC to registered Hazeldean bulls. From Gulargambone, NSW a line of 28 PTIC Shorthorn heifers, two years old averaging 514kg sold for $2410.

Young cattle

There was just shy of 5000 heifers offered this week which were keenly sought after, conveyed in their 88pc clearance rate. Heifers averaging less than 200kg sold from 488c and 682c to average 539c, 77c dearer than last week. A line of 18 Angus heifers offered by Westwood Pastoral from Munni, NSW claimed the highest c/kg price of all weaners sold this week. The Waverley Angus blood heifers were 6-8 months averaging 178kg and will travel to Sandy Hollow, NSW.

Heifers 200-280kg eased 14c this week, with prices ranging from 372c to 522c, averaging 448c. Top price was achieved by Brooksby Pastoral Co from Holbrook, NSW with a line of 57  Ardrossan, Rennylea and Dunoon blood Angus heifers, 11-12 months averaging 260kg.

Heifers 280-330kg sold from 370c and 487c to average 447c, firm on last week. A line of Angus offered by Glengarry from Binalong, NSW achieved the highest price of the category. The heifers were 9-10 months averaging 287kg.

Feeder heifers 330-400kg sold to a dearer trend, increasing by 10c. Heifers in this category sold between 301c and 490c, averaging 425c. Top price went to a line of 140 NSM Angus yearling heifers, offered by Lombard Farms from Warren, NSW. The heifers were 13-14 months averaging 333kg and will travel to Timor, NSW.

Heifers heavier than 400kg were priced from 377c to 392c, averaging 385c, back 30c from last week. Top price was achieved by a line of 23 NSM Angus yearlings offered by DT & DM Carpenter from Riana, TAS. The future breeders have Landfall bloodlines, were 10-13 months averaging 426kg and will remain in Tasmania.

There were 4352 steers offered this week, which also sold strong demand, achieving 93pc clearance.

Steers averaging less than 200kg increased 4c, selling between 516c and 646c to average 539c. Top price was a line of Hereford weaner steers, offered by Kaldeana from Cooma, NSW. The Billilingra bred steers were 6-8 months old averaging 187kg and will travel north to Bathurst, NSW.

Steers 200-280kg sold between 418-616c, averaging 497c, up 4c. Golden Arrow Grazing Co from Hannaford, QLD claimed top price for a line of 91 Angus backgrounder steers, 8-10 months averaging 214kg and will travel to Jandowae, QLD.

Steers 280-330kg were back 13c, with prices ranging from 378-503c, averaging 432c. Top price went to a line of 37 Angus steers offered by Ballantyne Agriculture from Cassilis, NSW. The Te Mania and Trio Angus blood steers were 10-12 months averaging 286kg and will remain local.

Feeder steers 330-400kg sold to a dearer trend with prices between 301c and 466c, averaging 432c, up 22c. From Dorrigo, NSW Accalay Livestock offered 36 Angus yearling steers which topped results. The South Cross blood steers were 10-12 months averaging 338kg and will travel to Brookstead, QLD.

Heavy steers averaging over 400kg sold from 361c to 427c, averaging 411c, back 5c on last week. Top price was achieved by 46 Angus and Angus cross steers offered by T & G Pastoral from Baranduda, VIC. The steers were 14-15 months averaging 407kg and Korumburra in Gippsland, VIC.

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

Less than 200kg: Steers sold from 516-646c/kg to average 542c, while heifers sold from 488-682c to average 539c

200-280kg: Steers sold from 418-616c to average 497c, while heifers sold from 372-522c to average 448c

280-330kg: Steers sold from 370-503c to average 432c, while heifers sold from 370-487c to average 447c

330-400kg: Steers sold from 301-466c to average 432c, while heifers sold from 301-490c to average 425c

+400kg: Steers sold from 361-427c to average 411c, while heifers sold from 377-392c to average 385c.

In Tasmania, the cattle market improved immensely on last week, achieving 100pc clearance for the 325 head offered. Heifers sold between $930 and $1670, averaging $1213. Top price was achieved by a line of Angus NSM future breeders, 10-13 months averaging 426kg, offered by DT & DM Carpenter from Riana. Steers prices ranged from $1100 to $1990, averaging $1506. From the same vendor, a line of Hereford x Angus steers 14-16 months averaging 545kg topped the category, selling for $1990.

 

Source: AuctionsPlus

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