Steer prices soar to uncharted territory at cattle sale
Steer prices smashed records at the Central Queensland Livestock Exchange Prime and Store Cattle Sale on Wednesday.
A Droughtmaster cross pen fetched 710.2c/kg, breaking the facility’s cents per kilo record.
The record-breaking pen, offered by Dean Wyatt and Nicole Marsh from Mount Martin, weighed 137.5kg to return $976/head.
Ray White Rural Gracemere livestock agent Trevor Humble said competition was running strong among the buying panel, particularly for lighter lines of cattle which helped push the price past 700c/kg.
“Lighter cattle have been a little hard to find, and this week there were three active buyers all chasing stock within that weight range,” Mr Humble said.
“With the market sitting higher, some buyers are seeking younger and lighter cattle as they feel they are paying less per head.
“The buyer who secured them will grow them out to later sell them to the feedlot or bullock market.”
He said rain reduced the overall yarding to 889 head of quality cattle, and prices sat higher across the board.
“I believe the sale was stronger in every category,” he said.
Steers under 200kg averaged 604.5c/kg.
In this category, Sarina vendor B and J Pace made 608c/kg for their Droughtmaster weaners, which weighed 195kg and returned $1185/head.
For heifers under 200kg, sale-topping vendor Dean Wyatt and Nicole Marsh, peaked the price at 550c/kg for their 187kg line, which returned $1028/head.
For cattle over 200kg, the price peaked at 622.2c/kg for steers.
Yungra Holdings made a good return for its No.1 Brangus offering, which reached 594c/kg, and weighed 246kg to return $1463/head.
In the heifer lines, Midgee vendor Tahna Iversen’s 240kg Speckle Park pen reached 478.2c/kg to return $1147/head.
S and A Schloss from Wowan made 470c/kg for their 368kg Droughtmaster steers that returned $1730/head.
The cow market was strong, with A and V Gabel, also from Wowan, reaching 286c.kg for their Brahman pen which weighed 604kg to equal $1728/head.
Cows and calves were also in high demand among the buying gallery.
MN and FM Noakes sold a pen of Brahman and Brangus cows and calves which hit $2525/unit.
Mr Humble predicted next week’s sale would jump to a more usual yarding size of around 2500 head.
Although the rain in Central Queensland had been patchy, he said there was plenty of optimism in the market.
“Rainfall always lifts the spirits and creates a great feel and vibe at the yards,” he said.
“It’s always good for buyers to see green grass around the region when they drive to the sale.”