Livestock price rise predicted
PRICES are set to increase at the first Gracemere prime and store sale of the year tomorrow as farmers hold onto their cattle after substantial rainfall across the region.
Elders livestock manager Paul Wells yesterday said not a lot of cattle were expected and demand for stock would outstrip supply.
He said agents had drawn for 1200 head of cattle including 600 steers, 460 heifers, 100 cows, 30 cows and calves and 10 bulls.
Mr Wells said it was expected to be a “slacker start to the year” in the selling arena, but should be firmer than what sales ended on last year.
“There has been good rain, but it’s been patchy in areas out west and we still need more to ensure a good season,” Mr Wells said.
He said some farmers were taking advantage of the pasture growth to fatten up their cattle.
“A lot of people are hanging onto their cattle.”
Meanwhile a prominent local butcher, who wished not to be named, yesterday said they were waiting to see exactly what demand would be like once the meat workers go back to business in what’s believed to be a couple of weeks.
Meanwhile, cattle sales in Roma and Dalby in Queensland’s south-west have recorded strong results, particularly for store cattle – those they’ll fatten up for resale.
At the Roma store market on Tuesday 1500 mixed quality cattle were yarded for the sale and met strong competition from restockers.
Prices were higher for all classes of cattle suitable for fattening. The sale at Dalby yesterday also showed strong results.
The Gracemere sale at the newly named and operated Central Queensland Livestock Exchange will start at 9am tomorrow and buyers need to register at the office before the sale any time from 7.30am.