For buyers it was a case of throw away the calculator and for vendors just enjoy the ride as prices pushed into unchartered territory for whiteface weaners of 650c/kg at the Benambra Calf Sale.
Victorian, NSW and South Australian steer finishers and lot feeders converged on the Victorian high country on Tuesday to bid to $1710 for whiteface cattle at the 80thanniversary circuit opener.
This eclipsed the previous record set in 2017 of $1570.
Selling agents Sharp Fullgrabe yarded 1200 yearling and weaner Hereford, Hereford cross, Angus and Euro steers and heifers for the fixture at the Hinnomunjie yards.
Buyers attended from Warragul, Leongatha, Pakenham, Albury-Wodonga, Mt Gambier, Coonamble, Gunnedah, Tamworth and local districts.
For steer finishers who recently made a $1000 profit on steers they picked up at last year’s sale, the squeeze was on as prices soared to historic highs for the vendor bred offering.
But the smiles couldn’t be wiped off vendor’s faces after enduring years of drought and recent bushfires, with their averages lifting by $300 on last year.
The overall run of Hereford and yearling steers topped at $1500 and sold down to $890 – a rise of $490 on last year’s top of $1010.
The Shorthorn Hereford cross steers sold for $1340-$1710 – up from the 2019 top of $1030.
Black baldy steers returned $920-$1410.
In the heifer pens, Hereford females sold for $650-$1390, black baldies for $1030-$1060 and Shorthorn-Hereford cross females finished at $1100-$1430.
Sharp Fullgrabe principal Graeme Fullgrabe, Bairnsdale, said the sale was well supported by buyers and vendors.
“It was great to see the Hereford cattle fly their flag and be out in front again in the whole area,” Mr Fullgrabe said.
“When we turned the corner, those Coonamble, Gunnedah and Tamworth buyers got into lines of cattle – there will be a big taxi fare on them to get out of this area.
“Prices were $400-$500 above last year’s sale so it’s a lot better than last year.
“Very few pens came under $1000 and those weren’t much over 200kg.
“Previously we had to know our two times table but now it is five times table.”
South Gippsland steer finisher Alan Mitchell judged the Herefords Australia champion pen, awarding it to Gus and Sandra Crisp, Omeo, for their 10-11-month-old steers
The champion pen made $1480 to Alex Scott & Staff, Warragul, and was estimated to return 360c/kg.
Mr Crisp attributed the win to his friend, “Sparra” Walker who had encouraged him to sell at Hinnomunjie.
Livestock carrier Donald Betts created a new record top price for the sale at $1710 when he sold his spring drop Hereford/Shorthorn steers, weighing 490kg and Yarram Park and Karoonda blood, to Alan Mitchell, Wonthaggi.
Mr Betts said depending on the season, he takes cattle through to finish for JBS or Greenham’s Never Ever program.
He likes how Herefords are suited to the high country and prove their toughness in the harsh winters.
Mr Betts has retained the tops of his steers for finishing over the winter.
“I had expected the heavier cattle to be chasing 400c/kg today,” he said.
He was the only vendor displaying liveweights (green weight) with his spring droppers making 348c/kg, autumn droppers 426c/kg, spring drop heifers 315c/kg and autumn drop females 373c/kg.
Buyer Alan Mitchell had just weaned 300 calves and is experiencing an “unbelievable season”.
He had expected prices to be between 400-500c/kg.
Topping the run of autumn drop Hereford weaners was Peter Soutter, Benambra, with a pen of 19 selling for $1500 to Benambra steer finisher Paul Pendergast.
Mr Pendergast had sold in January the steers he paid the top price of $1030 at last year’s sale to average $2000 and with an average carcase weight of 370kg.
“The sale was much better than I expected – I didn’t know when to pull out. The ducks lined up for the vendors today,” he said.
In the females, Donald Betts topped the sale with spring drop Shorthorn/Hereford heifers, Yarram Park and Karoonda blood, 453kg, at $1430 or 315c/kg.
The run of autumn drop Hereford and black baldy heifers was completely dominated by Albury commission buyer Graeme Ward purchasing for Olgivie’s Airlie feedlot in Victoria.
He paid to a top of $1390.
The lighter end of the steer weaners topped at an estimated 650c/kg with the middle run of the lighter end making 570c/kg and the 250kg steers averaging 500c/kg.
Louis and Sharon Pendergast, Benambra, offered 500 steers and heifers across three sales of the circuit.
“It is a buoyant market and had lifted 100c/kg in the past week – I had been hoping for 400c/kg plus,” Mr Pendergast said.
“We have spent $12,000 on a load of hay so it is nice to have the better prices to go with it.
“We certainly can’t complain about the prices. In 2012 I averaged $900 for 600 calves but I’ve never seen prices like this here.
“We received $5/kg in places and our average would be up $300.”
D Betts: 15, Shorthorn/Hereford, 490kg, August/Sept drop, Yarram Park and Karoonda blood, $1710 or 348c/kg; 10, H/S, $1650; 8, April/May drop, 349kg, $1490 or 426c/kg
P & S Soutter: 19, Herefords, $1500; 20, Herefords, $1445; 22, $1250
B Dyer: 19, Herefords, $1490; 21, Herefords, Sugarloaf blood, $1350
G & S Crisp: 21, Herefords, $1480
K & J Pendergast: 7, Herefords, $1470
R & M Johnston: 20, Herefords, $1450; 18, Herefords, $1380
L & S Pendergast: 9, black baldies, $1410
A L Fitzgerald: 16, Herefords, $1410; 15, Hereford/Shorthorn, $1340
D F Olsson: 11, black baldies, $1320
D Betts: 5, Shorthorn/Hereford, Aug/Sept drop Yarram Park and Karoonda blood, 453kg, $1430 or 315c/kg; 13, Hereford, $1390; 7, Herefords, 372kg, April/May drop, $1390 or 373c/kg
G & S Crisp: 20, Herefords, $1330
G & L Troake: 12, Herefords, $1110
R & R Gilmore: 11, Herefords, $1060
DF Olsson: 14, black baldies, $1060
B Dyer: 16, Hereford, $1040
L & S Pendergast: 18 Herefords, $1030