Paringa Livestock Genetics at Murrindindi sells bulls to $13,000

As yearling bulls sell to an impressive top price at Paringa Livestock Genetics’ on-property spring sale in Victoria’s North East, use our searchable results database to plan the rest of your spring bull sales season.

YEARLING bulls sold to a top price of $13,000 at Paringa Livestock Genetics’ on-property spring sale in Victoria’s North East last week.

The sale, conducted on farm at Murrindindi near Yea, cleared 74 Angus, Red Angus and Stabilizer bulls from an offering of 84 for an average of $6182.

The average was up $620 on last year’s sale when 32 bulls sold to a top of $12,000.

In a breakdown of the catalogue, 20 Angus bulls averaged $6700, 35 Black Stabilizers topped at $10,000 twice and averaged $6457, nine Red Angus bulls sold to $10,000 and averaged $5944 and 10 Red Stabilizer bulls fetched as much as $6000 and averaged $4400.

Bulls sold to the Northern Territory, South Australia, NSW, Victoria and Tasmania, with about 40 per cent of the catalogue selling through AuctionsPlus.

Paringa’s Olivia Lawson said the Black Stabilizer offering in particular sold well with buyers chasing bulls with good calving-ease figures and highly ranked on the multi-breed $Profit system.

Paringa has used the system, developed by Canada’s Guelph University and focusing on the three major intake measurements of feed efficiency, fertility and growth, for the past 15 years.

$Profit offers an index on estimated price premiums a sire or dam might produce per 100 calves. The average is +$6000 (or a $60 premium per calf) with the top bulls achieving +$20,000.

The 19 bulls in last week’s Paringa catalogue with $Profit scores of more than $20,000 sold for an average of $8237. They included the $13,000 top-priced bull, an August 2019-drop Angus sired by Paringa Visionary with a $Profit index of +$21,515.

The bull — in the top 5 per cent of the Angus breed for carcass weight, the top 3 per cent for eye-muscle area and boasting impressive feed to gain ratios — sold to Jason Trompf of Northgate Park at Greta, who also paid $5000 for a 13-month-old son of Texas No Regrets with a $Profit index of +$15,042.

Mr Trompf said Northgate Park produced commercially-focused Angus with an emphasis on meat production per hectare and the $Profit system worked well for him.

Another No Regrets son, with an $Profit of +$19,288, sold for the sale’s second top price of $12,000 to Andrew Miller and Les Hall from Glendaloch Farms at Glenburn.

The $10,000 top-priced Black Stabilizer bulls — an August 2019-drop son of Leachman Accelerate with a $Profit of +$25,814 and a 13-month-old Paringa Black Stabilizer M708 son with a $Profit of $24,495— sold to Karn Station at Benalla and Woorinyan Pastoral Company at Culcairn in southern NSW respectively.

The top-priced Red Angus bull, a 13-month-old HXC Declaration son, sold to Denis and Robyn Hardy from Ripplebrook in Gippsland.

Major buyers at the sale included Rifa Salutary who bought nine Black Stabilizers, Karn Station who purchased six red and black Stabilizers and Ian Cameron from Penshurst put together a draft of five Black Stabilizers.

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