With some areas in the West and Riverina regions now under water, we hope they get some reprieve as there will no doubt be major damage to cropping areas and livestock.
It now looks likely that cattle markets will remain fully firm into Christmas and the New Year, with the latest rain event predicted again for next week!
The strength in the seasonal conditions has restocker demand very high, while feed lotters and processors look for suitable numbers on a weekly basis at the moment.
Stud stock sales are achieving solid results, however with strong prices being achieved in commercial markets, bulls still represent good value in the current environment.
What a great time to take advantage of the combined season and record cattle prices. Why not make a to do list of priority items you may have been contemplating for some time? Maybe pay down some debt, build that new set of yards, a new line of fencing, or upgrade the watering system.
Auctions Plus
Last Fridays Eastern States sales continued to forge ahead, with 4,679 head listed while the majority of the sale were cow and calf units. First calver’s averaged $2,665, while 3-4 year old’s in Victoria made $3,090 with large sappy calves at foot.
Wagyu’s continue to dominate with 8 month old heifers making $3,000! While slightly older heifers at Bendemeer in the New England made a phenomenal $3,840.
The next targeted feeder sale dates are;
Tuesday 4th October
Tuesday 18th October
-Simon McKittrick, Logical Livestock Marketing