The Goulburn All-Breeds bull sale is the latest casualty of the ongoing drought in the Southern Tablelands.
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Landmark Goulburn has made the decision to cancel this year's sale, which was set for mid-September.
It is the first time the sale has been cancelled since Landmark began conducting it some 13 years ago.
Landmark spokesman Daniel Croker said the decision was due to a lack of both vendors and buyers.
"The decision was made to cancel the sale because of seasonal conditions this year and the number of cows being sold," he said.
"Bull and bull producers have had to sell early. The numbers will be down.
"The ongoing drought has certainly put the pressure on everyone.
"The producers who would come and buy a bull have cut their numbers of cows considerably.
"We've just decided to postpone it until next year."
Mr Croker said vendors and buyers within an 80 kilometre radius would usually attend the Goulburn sale.
Jemma and Tim Reid run JTR Cattle at 'Jenross', Roslyn, operating as JTR Cattle since 2014.
They have offered bulls at the sale for the past five years.
This year, the Reids had planned to off-load bulls prior to the All-Breeds bull sale at NSW Southern Beef Week in August.
Mr Reid said the decision to cancel the sale didn't come as a surprise.
"I was leaning on not going to the sale. It's costing a heap to keep the bulls," he said.
They would have presented seven Poll Hereford and two Angus bulls.
"We're looking at a cost situation and we don't see the benefit of holding on and waiting an extra month of feeding cattle," he said.
"We try to hang on to as many as we can for the sale, to support the sale.
"It's just costing too much to keep them, going forward.
"We've spent close to $100,000 just in feed this year and we're only a herd of 60."
The Reids will also market out of the paddock this year.
Mr Reid is confident of a 60-70 per cent clearance rate of bulls, but isn't expecting any new clients this year.
"Our floor price will be $4000 to $6000 ... and negotiable," he said.
JTR Cattle also attend the Wodonga and Dubbo National Show and Sale.
Ken McCallum, 'Viewfield Herefords, has offered Hereford bulls since 2015 and this year had planned to sell six Hereford bulls, he will now sell them privately out of the paddock.
"If I could sell three or four of them this year I'd be happy," he said.
In 2015, Mr McCallum topped the sale at $7000 and his clearance was 100 percent, although in 2018 two out five sold for opening bid.
