No rest for buyers' zest

No rest for buyers zest | Market Murmurs

Beef
Peter OConnor, AJF Brien and Son, Coonamble, paid $1520 a head for 12 Angus/Limousin weaner steers for backgrounding by a Coonamble client at the Dunedoo sale on Wednesday last week. Photo: Mark Griggs

Peter OConnor, AJF Brien and Son, Coonamble, paid $1520 a head for 12 Angus/Limousin weaner steers for backgrounding by a Coonamble client at the Dunedoo sale on Wednesday last week. Photo: Mark Griggs

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Prime sales early this week maintained the price levels established just before Easter.

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THE lull of the Easter holidays may have provided a chance for reflection on the effervescent prime and store cattle markets, which have been on the rise since before Christmas.

Weaner steers and heifers have never before made the prices demanded at some annual sales in the past few weeks and March rain, while dampening only the enthusiasm of vendors who couldn't move cattle off their properties, only heated demand and values.

You only have to look back at last week's reports in The Land for the feature blue ribbon weaner sales at Carcoar and Tamworth to get some insight into the strength of the market.

People are still talking about the $2000-plus prices for weaners at the Carcoar weaner sale a fortnight ago, and the two-agent-in-conjunction store sale at Dunedoo on Wednesday last week.

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The Dunedoo sale gained top results for the region's weaner breeders who offered drafts of upwards of 130 head to fetch high prices of as much as $1870 a head.

These were lines of Angus and Poll Herefords, seven to eight months of age, straight off their mothers.

Dunedoo selling agent and Milling Stuart's Angus Stuart said while the better end of the weaner steers made from $1500 to $1870 and heifers from $1400 to $1800, buyers were eyeing-off the many lighter types of good to fair quality and happy to pay $1300 to $1600 for the steers and $1150 to $1370 for the heifers.

Commission buyers and outside agents were caught bidding against local restockers for these lines, many of which were being purchased for backgrounders to fill out for lot feeders.

However, pregnancy-tested-in-calf heifers and cows weren't missed either, with restockers jumping at heifers in calf, happy to pay from $2000 to $2600 for the better quality lines.

Older cows aged up to eight years and PTIC were also snatched up for $2200 to $2575 a head.

Buyers could see value in the middle-range priced stock, which, with some extra weight in the foreseeable future, would gain them a respectable profit.

The weaner sale action picks up again tomorrow when another round of calves go under the hammer at Carcoar and Tamworth.

Many of the weaners up for grabs were scheduled for the feature sales a fortnight ago, but instead stayed on farm due to boggy roads.

Meanwhile, prime sales early this week maintained the price levels established just before Easter.

Only time will tell if the firm to dearer values are maintained for a full week of trading, however it's worth noting most centres are recording much smaller yardings than are normal for this time of year.

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