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Beef's best times are yet to come

Brad Mulvahil from TopX says it is a positive time all round for the cattle industry.
Brad Mulvahil from TopX says it is a positive time all round for the cattle industry. Amber Hooker

CATTLE prices are at record highs and local stock agent Brad Mulvahil says the best is yet to come.

Brad who took over RF Duncan & Co last year now runs his own business under the TopX agency banner at Gracemere.

With 10 years experience in Gracemere alone, Brad says he has never seen the industry so buoyant and positive.

"Everybody you talk to can't believe how things are going, they have to pinch themselves," he said.

"I've been in Rockhampton here for 10 years and in those 10 years I've never seen it grow and be as strong.

"We've got to hope that keeps going."

Brad explained there were a lot of factors contributing to the current market with supply and demand being a major influence.

The season also plays a part in how the cattle markets pan out and with the whole of Queensland experiencing solid rainfall for this time of the year it means a boost to the industry as a whole.

Combine good seasons with strong supply and demand as well as Australia's competitive meat prices on the world market and you have a positive outcome when it comes to prices.

"You know we were under the odds a long time ago so the averages here have probably gone up 60% than what they were a couple of years ago," Brad said.

"Every week we seem to be getting better, I don't think we've hit our peak yet, just my gut feeling."

Brad said once some really widespread rain was seen there would be an even bigger boost within the industry.

"We're only coming into summer so the season is on everybody's side," he said.

"So if we have a relatively average season with the rain we've had already, it will be a bumper summer."

"I think the next 12 months are going to be strong."

Brad noticed things really take a turn for the better for local graziers and producers since the live export ban had been lifted.

"Things have just turned around and gone forward since then, so from where we were then to where we are now, it's phenomenal."

"The domestic markets is so strong, what's driving it right now is the season and the supply and demand and the demand is high.

The willingness for people wanting to trade cattle at the moment is extraordinary because the money is good, Brad explained.

"I have more calls every day wanting to buy cattle than I can get to sell cattle; where at other times it's been the other way around.

"That's what is holding it back from going even further is the numbers are starting to slow up a bit.

"The Friday sale numbers (at Gracemere) have been great and numbers are coming through the sale yards because the market is so strong, it's the best place to sell them.”

Brad added that after quite a few years of farmers and primary producers doing it tough it was now nice to see them making a bit of money again.



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