Inverell Cattle Sale Tuesday 15th October.
Inverell penned 1019 mixed quality cattle a slight rise of 155head.
Not all regular buyers attended resulting in mixed trends with a noted increase for feeder heifers and strong demand for light background steers.
Quality through the cows not as good reaching 274c/kg.
Weaner steers to re-stockers slightly dearer 304c to 370c/kg.
Light background steers sold to 414c/kg.
Heavier drafts 15c/kg dearer, medium background weights to 382c/kg. Conversely similar weights to feed on slipped 12c/kg.
Heavy feeders were firm and yearling steers above 500kgs to feed were up to 11c/kg better.
Light background heifers were back 8c/kg whereas similar heifers to feed gained 21c/kg.
Medium weight heifers to feed on were 6c/kg dearer 294c to 336c/kg. Heavy feeders up to 26c/kg better.
Medium weight heifers to process back 24c/kg.
There were not enough grown cattle for a reliable quote.
Heavy cows were up to 22c/kg cheaper due mainly to quality and weight.
Bulls also sold to cheaper trends selling to 296c/kg.
Stephen Adams MLA
Roma Cattle Sale Tuesday 15th October.
5635 HEAD SOLD. THE MARKET LIFTING FOR YOUNGER CATTLE.
YEARLING STEERS C2 SCORE
200 TO 280 KGS SOLD TO 430 TO AVERAGE 401 OR $1024
280 TO 330 KGS SOLD TO 412 TO AVERAGE 376
330 TO 400 KGS SOLD TO 396 TO AVERAGE 368
OVER 400 KGS SOLD TO 372 TO AVERAGE 354
GROWN STEERS C3 SCORE TO PROCESSORS OFF OATS
600 TO 750 KGS SOLD TO 354 TO AVERAGE 336
YEARLING HEIFERS C2 SCORE
200 TO 280 KGS SOLD TO 305 TO AVERAGE 277
280 TO 330 KGS SOLD TO 318 TO AVERAGE 294
330 TO 400 KGS SOLD TO 314 TO AVERAGE 284
OVER 400 KGS SOLD TO 310 TO AVERAGE 292
COWS UNDER 520 KGS
D2 COWS SOLD TO 264 TO AVERAGE 232
COWS OVER 520 KGS
D2 COWS SOLD TO 270 TO AVERAGE 248
D3 COWS SOLD TO 300 TO AVERAGE 283 OR $1685
BULLS OVER 600 KGS SOLD TO 284 TO AVERAGE 267 OR $2905
THIS IS CHARLES WEYMAN JONES IN ROMA, REPORTING FOR RESONATE REGIONAL RADIO
News Items from The Land & Queensland Country Life.
Superannuation changes pass lower house, in super bad news for some farmers
The federal government’s mooted tax increase on superannuation funds have passed the lower house despite the farm and business lobby, crossbenchers and the Coalition uniting against a proposal that would see the tax rate on super balances above $3 million rise from 15 per cent to 30pc.
If eventually passed by the Senate, The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 would apply to the total value of superannuation holdings from July 1 next year.
NSW Farmers Business Economics and Trade Committee chair John Lowe said the changes would set new taxes on unrealised gains in superannuation holdings, including family farms – meaning farmers could be taxed for income they will never see.
TFI’s appetite for lamb game spurs $100m in upgrades, cold store wing
There is no doubting the faith big family-owned red meat processor Thomas Foods International has in the appetite for lamb both here and overseas, given the investments it is making in its newly-acquired lamb plant at Stawell in western Victoria.
A state-of-the-art cold store wing, a rebuild of the lamb boning room, an optional second shift, a new facility to process skins on site plus numerous other upgrades is all in the pipeline for the processing plant.
It will all add up to an investment of around $100 million, support an increase in the workforce to around 750 full-time jobs and pave the way for TFI to expand its global footprint.
Australia’s saleyard peak bodies amalgamate to form one organisation.
Australia’s two saleyard organisations have joined to form a new, national body, Saleyards Australia.
Australian Livestock Saleyards Association (ALSA) which covers municipal yards in Victorian and SA, will cease trading this week, and its membership base will transfer to the new national Saleyards Australia Pty Ltd.
The Australian Livestock Markets Association (ALMA) has also transferred its membership base to the new organisation.
ALMA interim executive officer Prudence Barwick said a board meeting of the new organisation would be held this week, to finalise the amalgamation.
Ms Barwick said while not every saleyard was a member, the combined ALMA/ALSA membership would cover about 130 facilities.
Hungry global markets push beef to brink of all-time yearly export record
A fair chunk of United States cattle country remains abnormally dry, delaying a national herd rebuild and prolonging the advantageous conditions for Australian beef exports even further.
This is the key driver behind Australia being on track to set a new yearly record in terms of volume of beef exported.
Meat & Livestock Australia analysts report that beef exports are now less than 1 per cent below 2015 numbers, which is the largest export year on record.
September volumes eased slightly on August but the 2024 third quarter still represented levels 12pc higher than what was shipped in quarter two and nearly 37pc higher than the quarter three average for the past five years, Episode 3 reported.
The US each month has been taking as much as twice what it typically has for the past five years.
Global giants circle Aussie acres | Foreign buyers poised to swoop
Global corporate buyers are poised to swoop on Australian farms.
Rural real estate agents predict the dominance of neighbours in snapping up available land will be tested by overseas investors at future sales especially for bigger properties.
Leading agency LAWD estimates there is between A$9 billion and A$11 billion in international capital funds looking for a home in Australian property markets.
Experienced property seller, LAWD’s senior director Danny Thomas said corporate buyers were “underpinning” the top end of the market for properties selling above $50 million.
US investors have already been busy.
A subsidiary of the US-headquartered Mormon Church bought the major Border Rivers region property Worral Creek in southern Queensland last month on a walkin, walk-out basis for a figure understood to be well above $350 million
Steven Mudford smashes 25 year old solo nine hour shearing world record
Steven ‘Muddy’ Mudford has shorn his name into the history books once more after obliterating the solo nine hour Merino wether shearing world record on Saturday.
All up Mr Mudford shore 421, 18-micron wethers at Parkdale, near Collie, beating the previous record of 418, set by a New Zealand shearer, in 1999.
Across the nine hour stint, the Dubbo shearer averaged 1.28 minutes per sheep, and completed the mammoth feat in five rounds of 89, 84, 85, 80 and 83.
AWI’s Stuart McCullough walks away with $479,000 payout
Australian Wool Innovation top boss turned international marketing executive has received a $479,531 termination payout from the peak body, after being made redundant earlier this year from his contentious international post.
The termination benefits paid to Mr McCullough are revealed in AWI’s latest annual report.
An AWI spokesperson said Mr McCullough was paid his legal entitlements, having been CEO for 11 years and with the company for nearly 23 years.
Australian Wool Innovation report highlights dip in reserves.
The rate at which Australian Wool Innovation is drawing on its reserves has slowed, but the company still says they are at their lowest point in more than a decade.
The figures are according to AWI’s most recent annual report, which shows that the most recent financial year saw the company draw down on reserves by $4.3 million, lower than the budgeted $10.7 million drawdown and well back on the $17 million draw down from the previous year.
That brought the total reserves back to $80.06 million, compared to $83.81 million the previous year and $100.7 million the one before.
