The $4.7m pay day for a leading Angus stud

Cattle buyers showed confidence by spending big at the Rennylea Angus bull sale. See who bought what, and why.

Angus enthusiasts have outlaid more than $4.7 million today in a stellar result for the Rennylea sale near Culcairn, NSW.

All 212 bulls offered were sold to a top of $65,000 and for an average of $22,530 in front of a massive crowd.

The huge crowd at the Rennylea Angus sale at Culcairn, NSW, where 212 bulls grossed more than $4.7 million.

The $65,000 bull was one of four bought by Mannus Agriculture at Tooma NSW, for its herd of about 1200 Angus cows.

Mannus Agriculture managers Scott and Tanya Bandy run the property for a Sydney butcher, with the grassfed progeny going into the shop, turned off at about 700kg liveweight.

The Bandys spent a total of $149,000 at an average of more than $37,000 to secure the bulls, which were selected for their high intramuscular fat values and growth.

“We are sending 15 or 16 cattle a week to be processed for the shop, with the beef sold under the Our Farm brand,” Mr Bandy said.

“We had a good budget to buy bulls but we needed it too.”

Scott and Tanya Bandy from Mannus Agriculture at Tooma NSW, bought the top price bull for $65,000 at the Rennylea Angus sale at Culcairn, NSW, one of four they bought from the catalogue.

Bulls sold to buyers from across Australia including to Newcastle Waters in the Northern Territory and into Tasmania.

Auctioneer Peter Godbolt from Nutrien Ag Solutions said it had been a phenomenal sale.

“You could see that buyers wanted the low birthweight bull, those with high IMF, good carcass figures and good structural data,” Mr Godbolt said.

“The Rennylea program is well thought of in the industry and people who use the bulls get well paid for their calves going into feedlots - the Rennylea calves are always at the top of the market.”

Peter Godbolt, Nutrien Ag Solutions, Albury, was one of the auctioneers selling at the Rennylea Angus sale at Culcairn, NSW, where 212 bulls grossed more than $4.7 million.

Mr Godbolt said to sell 212 bulls and average over $22,000 is “no mean feat to do that”.

“The Rennylea program has been basing its genetics on breeding for high marbling and carcass data and good low birthweight for years now and it has paid off today.

A breakdown of the results showed bulls sold from $10,000 to $65,000, with 56 bulls making $25,000 or more, and 34 topping $30,000.