Markets

Steers smash 600c/kg at CQLX Gracemere

Beef Central, 05/02/2021

Julian Laver with the Droughtmaster cattle that reached a record price for steers when sold for 606.2c/kg. The Rosewood Cattle Company No.0 offering averaged 187.8kg to return $1135.52/head.

RECORDS tumbled across multiple categories at the Central Queensland Livestock Exchange (CQLX) Prime and Store Cattle Sale this week where steers were knocked down for 606.2c/kg and heifers snapped up for 540.2c/kg.

The top price were paid for a draft of No.0 Droughtmaster steers from Rosewood Cattle Company, Mornish, weighing 187.8kg to return $1135.52/head.

The females – which broke CQLX’s heifer price per kilo record by 30c/kg – were secured during a bidding frenzy between three eager buyers. Weighing in at 222kg they returned $1199/head.

Joel Dawson with the Red Brahman pen that reached a new record price for heifers of 540.2c/kg. The JR and LA Edgar offering had an average weight 222kg and returned $1199/head. The quality line was purchased by Central Grazing Company, Mackay.

Joel Dawson, Brian Dawson Auctions Livestock and Property, said he wasn’t surprised the quality Red Brahmans were a hit with buyers.

“They were EU accredited, so in the auction there were two EU buyers tussling it out,” Mr Dawson said.

“But it was a buyer from Mackay who ended up securing them, I believe he plans for them to go back into the paddock as future breeders.”

Mr Dawson described the market as strong across the board and said the buying gallery had the usual run of processors, local restockers and a few new southern buyers.

In total, combined agents yarded 4228 head of stock, which were drawn from Marlborough, St Lawrence and west toward Middlemount.

Highlights included, Watermark Pastoral, reaching 538c/kg for its 12 Brangus cross steers that weighed 314kg to return $1690/head.

For feeder steers, DJ Parson’s 484kg Brahman pen reached $2123/head when it sold for 438c/kg.

Mt Stuart Trust also had a good result in this category, making 436c/kg for its 403kg steers that returned $1760/head.

In the cow market, M and K Brown, Dulul, sold three Brangus cows that reached 315c/kg, weighed 551kg to return $1738/head. Brahman cows offered by A and V Gabel, Wowan, made 313c/kg for their 623kg pen which equalled $1951/head.

Mr Dawson was confident in the market and said the trend of larger lines coming through was appeasing buyers. 2 www.rlx.com.au “We had a few runs of 50 to 150 head from single vendors. This always creates a lot of interest from restockers as it means they can secure a whole line in one fell swoop,” he said.

Mr Dawson said although there were some areas needing rain, he predicted the market would hold strong for the foreseeable future.

Source: RLX. To read full NLRS report click here

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