Bull prices: Injemira Beef Genetics, Te Mania Angus among the autumn top 10

There has been a bull buying blitz this autumn, and our expert analysis reveals the highest sale averages, totals and individual prices. See the top ten lists.

Angus and Herefords dominated the top results in a $61 million bull buying blitz this autumn.

Producers spent an average of $14,046 on 4336 bulls in sales until the end of March across southeastern Australia as the buoyant beef market spilled over into genetics.

Some of the season’s highlights included several six figure sales but it was the jump in averages that was most noticeable.

All prices collated by The Weekly Times.

Of the 67 sale results collated by The Weekly Times, just three failed to average better than last year, half of the studs increased their average by at least 30 per cent and the top 10 increased anywhere from 56 per cent to 146 per cent.

Three of the top five average sale results were achieved by Herefords while Angus recorded the other two, while the five biggest grossing sales were all Angus.

The season topping bull was sold by Te Mania Angus at Mortlake for $130,000 while Injemira Herefords at Book Book, NSW, posted the highest average of the season at $20,565 for 92 bulls.

The top grossing sale was Dunoon at Holbrook, NSW, which sold 174 bulls for a total of $3.08 million. In the sale analysis 21 studs grossed more than $1 million and eight grossed more than $2 million.

The top grossing sale was from Dunoon at Holbrook. Picture: Chloe Smith

The analysis showed 2902 Angus bulls averaged $14,807 while 850 Hereford bulls averaged $13,719.

Angus Australia chief executive Scott Wright said it was rewarding for both stud and commercial producers to be reaping the rewards of a stellar beef market.

He said the success of British breed bull sales and in particular Angus, was due to their ability to improve meat quality.

“Producers need to supply a first-rate product to beef brands and Angus and other British breeds can do that,” Mr Wright said.

“We get feedback that Angus cattle fit well into brands and can offer the processors or feedlotters large volumes of cattle which are uniform and have predictable performance.”

Hereford Australia chief executive Lisa Sharp said several studs set new record clearance rates, new record sale averages and in some cases, also new records for top bull and total sale value.

“A consistent theme across autumn was strong interest from commercial producers, looking to expand their herds using top-end Hereford genetics, with higher recent returns enabling producers to step up their genetic investment,” Ms Sharp said.

“Hereford genetics were in high demand from commercial operations including those targeting high value grass finishing markets.

“Hereford bulls were also highly sought after for crossbreeding and for a growing number of Central Australia and northern operations.”

Ms Sharp said the strength of any seedstock operation stemmed from the commercial sector and their buying support and it was “great to see Herefords studs rewarded for their hard work”.