04/22/2021 | News release | Distributed by Public on 04/21/2021 21:29
22 April 2021
Key points:
As the Eastern Young Cattle Indicator continues to operate above 900¢/kg, creating strong market prices across prime sales, store sales throughout the country are also providing excellent opportunities for buyers and sellers.
The quality of stock offered has continued to support the feeder market, while those after restocker cattle have also provided an excellent offering across all categories. The feedlot and restocker interest is fuelling prices, providing an excellent return and validating commitments that investing in high quality genetics and breeding programs will nurture stock through to point of sale.
Quality stock have been well received across all categories including heifers, PTIC cows and cow and calf units that are highly valued to the restockers, while heavier yearlings provide an opportunity for the feeder market to purchase cattle ready for feedlot entry at younger ages.
Dubbo Store Sale - Friday 16 April
Dalby Special Weaner and Feeder Sale - Friday 16 April
Yass Store Sale - Friday 16 April
In the west, cattle continue to command strong attention from buyers, with the Boyanup StoreSale delivering some excellent results:
From all corners of the country, the value producers continue to place on quality future breeders in a heifer spec or cows with calves is extremely high. These animals will form the basis of producers' breeding herds and play a vital role in rebuilding numbers with high quality units. This is to ensure the investment made now at sale time will deliver favourable returns into the future based on the foundation of high quality females that produce quality progeny to sell on.
© Meat & Livestock Australia Limited, 2021
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