Autumn bull sale price records tumble amid uncertain times
High demand for bulls is a certainty this autumn, with that being borne out in early season prices. But there much that is uncertain also, amid Victoria’s Stage Four coronavirus lockdown.
PRICE records were broken time and time again across the first week of annual autumn bull sales in Victoria, South Australia and NSW, driven by record-high cattle prices across the east coast.
But the enduring volatility of the coronavirus outbreak and a snap five-day lockdown across Victoria could disrupt sales this week, if the Stage Four lockdown is extended.
An analysis by The Weekly Times of key stud sales last week showed price averages lifted year-on-year, with many studs breaking price records.
Granite Ridge Angus in South Australia recorded a top price of $36,000; up on last year’s top price of $12,500.
The stud recorded an average price of $10,681; an increase of more than $4300 on last year.
Clearance rates across most bull sales were also up on last year.
Woonallee Simmental Elite Production, Stoney Point Angus and Serita Park Angus all sold 100 per cent of bulls offered across their autumn sales.
At Mount William Charolais, Willaura, two bulls achieved a top price of $20,000, with 36 of the 37 bulls offered sold on the day.
Mount William Charolais stud principal Rob Abbott said clients didn’t seem swayed by present market trends, and instead were focused on buying bulls specifically for their breeding program.
But the enduring strength of the cattle industry did drive prices, Mr Abbott said.
“I’ve read a lot about people wanting heifer bulls (this season),” Mr Abbott said.
“I don’t think that necessarily plays out here. A lot of people won’t join their heifers to Charolais anyway; what you’re buying is a powerful product here.”
Elders Hamilton livestock agent and auctioneer Ross Milne said while the industry was waiting to see whether the Victorian Stage Four lockdown would be extended, he was optimistic sales would continue.
“At the present time, it shouldn’t affect the majority of Victorian bull sales,” Mr Milne said.
“People can still go to sales under the definition of essential services. If the lockdown does continue … it might affect some of our Victorian clients who rely on South Australian buying support.
“The next 24 hours are key in terms of hopefully coming out of lockdown. If not, we may see a few sales postponed.”
Despite the ongoing coronavirus disruptions, Mr Milne said the first week of sales was impressive.
“Sales have certainly been stronger than last year, and clearance rates have been great,” Mr Milne said.
“Averages are up substantially on last year, and that’s probably to be expected considering where the beef industry is at the moment.”
MORE
Red meat leader to leave lobby group
After battles with the government over Covid restrictions and efforts to have trade bans into China lifted, Patrick Hutchinson is calling it a day.
Simmentals bring a lifetime of success
For 70 years Gina Ryan has been competing at the Melbourne Royal, and a partnership with an F1 racing legend has led her to great success.