Inverell Cattle Sale Tuesday 3rd September
Inverell penned 1146 good quality cattle similar to last sale.
The regular buyers attended to varied trends with an emphasis on yearling steers to feeder competition this category selling to strong demand.
Steer weaners under 200kgs were 28c/kg dearer however heavier drafts slipped 23c/kg with a negative lapse of quality.
Light weaner heifers dropped 23c/kg with both categories going to restockers.
Light yearling steers to background were considerably cheaper 322c to 444c/kg.
The same feeder weights were substantially dearer selling up to 402c/kg.
Feeder steers under 330kgs to 25c/kg better and the medium weights also gaining 25c/kg ranging 364c to 418c/kg.
Yearling heifers were generally cheaper with light backgrounders slipping 10c/kg selling 290c to 360c/kg.
Medium feeders lost 27c/kg selling to 342c/kg.
Medium processor heifers were dearer 308 to 340c/kg.
Heavy grown steers to process slipped 18c/kg and heavy heifers were firm to slightly dearer 310c to 340c/kg.
Heavy cows were back 7c to 9c/kg 265c to 316c/kg. Bulls back 7c/kg.
Stephen Adams MLA
ROMA STORE SALE TUESDAY SEPTEMBER 3
7273 HEAD SOLD YESTERDAY.
A MIXED QUALITY YARDING WITH QUALITY CATTLE STILL SELLING STRONGLY
YEARLING STEERS C2 SCORE
200 TO 280 KGS SOLD TO 420 TO AVERAGE 388 OR $1010
280 TO 330 KGS SOLD TO 420 TO AVERAGE 395
330 TO 400 KGS SOLD TO 402 TO AVERAGE 381
OVER 400 KGS SOLD TO 384 TO AVERAGE 368
YEARLING HEIFERS C2 SCORE
200 TO 280 KGS SOLD TO 348 TO AVERAGE 289
280 TO 330 KGS SOLD TO 340 TO AVERAGE 309
330 TO 400 KGS SOLD TO 340 TO AVERAGE 296
OVER 400 KGS SOLD TO 345 TO AVERAGE 294
COWS OVER 520 KGS
D2 COWS SOLD TO 275 TO AVERAGE 248
D3 COWS SOLD TO 315 TO AVERAGE 286 OR $1814
BULLS OVER 600 KGS SOLD TO 300 TO AVERAGE 285 OR $3040
THIS IS CHARLES WEYMAN JONES IN ROMA.
Future of Australian agriculture: and two young Delungra farmers are amongst the next crop of Nuffield scholars announced
From ESG reporting to lychees, regenerative agriculture to beef – Nuffield Australia’s latest crop of 25 scholarship recipients will bring wide-ranging benefits to the agriculture industry.
The new scholars were announced at a gala presentation dinner at the Grand Chancellor Hotel in Launceston, Tasmania, this evening.
They will spend 15 weeks during the coming 18 months travelling the world, researching the latest developments in their industries before sharing their findings with their peers.
Nuffield chief executive and 2013 Scholar, Jodie Redcliffe, expressed pride in the calibre of this year’s scholars.
She says- our 2025 scholars represent the future of Australian agriculture
Jock Barnett from Delungra is one of the recipients –
He is supported by the Future Drought Fund, Jock will study how expanding and diversifying farming enterprises affects drought preparedness.
Alice Jorgensen from Myall Creek is also a recipient – she is supported by Woolworths.
Alice will study ways to help farmers transition from annual fodder cropping to perennial pasture systems to boost their farm’s resilience to climate variability.
Each 2025 Nuffield Scholar receives a $40,000 bursary to invest in travel and research.
More pain for wool as Eastern Market Indicator hits four year low
The Australian wool market remains under pressure, with the Eastern Market Indicator hitting a four-year low.
The EMI last week dipped to 1087c, marking the first time since October 2020 that it fell below 1100c.
Prices within the Merino fleece and skirting sector fell between 25 to 35c across most micron categories, while crossbred wools were down about 10c in Australian terms but quite firm when priced in US dollars for overseas delivery.
Australian Wool Innovation director and wool broker Don Macdonald said the market had dropped lower than anticipated but he hoped that it had reached the bottom at last.
Records Smashed at Four On Property Bull Sales
On-property records have been smashed at studs tock sales over the past fortnight and clearances at the big-name operations have remained strong.
Dunoon Angus, Holbrook, sold to a top of $225,000 for Dunoon T1361, a Landfall Keystone K132 descendent.
The bull had impressive figures for growth, carcase traits and docility, all of which were sought after by the buyers, Gilmandyke Pastoral, Orange.
Gilmandyke was fresh of the back of its own successful sale, where a Baldridge Versatile son made $100,000, selling to a long-term commercial buyer in Corio Ag, Cootamundra.
Rennylea Angus, Culcairn, also set a new on-property record, selling to $75,000 for Rennylea T1430. The bull was bought by a partnership between Yalgoo Genetics, Walcha, and Hazeldean Angus, Cooma.
Ironbark Herefords, Barraba, celebrated its 51st sale with a $70,000 top for Ironbark P071 True Grit T035, by Ironbark True Grit P071.
Kindon Station, Goondiwindi, Queensland, were the buyers.
Mild destock indicated in latest MLA cattle projections
Australia’s national cattle herd is expected to shed 2 million head over a three year period, entering a mild destock phase off the back of the peak seen in 2023.
That’s according to Meat & Livestock Australia’s latest cattle projections.
The projections have national herd is expected to easing by 1.4pc in 2024 to 30.2 million head – a decline of slightly over 400,000 head.
In 2025, the herd is expected to fall another 2pc to 29.5 million head, and fall a further 3pc in 2026 to 28.6 million head- ultimately meaning a herd 6.3pc smaller than the heights seen last year.
The projections suggest that the national cattle herd has passed its cyclical peak after operating at maturity for the past 12 months, with elevated turn-off expected, mainly out of southern Australia.
Armidale Kelpie tops Top of the Range working dog sale
A Kelpie to be used in a cattle operation has fetched the top price the second annual Top of the Range working dog auction held at the Guyra showground on Saturday.
Overall, 16 of 21 dogs were sold to the top price of $8600 and for an average of $5143, to buyers from NSW, Queensland and South Australia.
The top-priced dog was a two year old red and tan Kelpie bitch, Lucy, offered by James Ince, Armidale, and purchased by Luke Newberry, Guyra, for $8600.
World awash with spare cash to invest in ag, despite erratic trade outlook
Agricultural markets are undoubtedly becoming more erratic and often more expensive to supply, but that’s not discouraging a surge of global investor interest in Australian farmland.
Overseas investment in local agriculture and agribusiness-related enterprises has grown 50 per cent in the past two decades and there are billions more investor dollars keen to find a home in the sector here.
An industry investment event in Brisbane has highlighted massive growth in the world’s pension capital pool, now topping $80 trillion.
In Australia alone superannuation savings available for investment across all capital markets have soared from $100 billion in the 1990s to about $3.5t today and are set to be about $7t by the end of the decade.
Meat demand and big NSW, Qld crops push farm production values higher
Climbing livestock prices and an above average cropping season in NSW and Queensland have revved up the likely value of Australian farm production in 2024-25 to $86.2 billion.
Subsequently, despite drier conditions in southern Australia, overall average broadacre farm cash incomes are tipped to jump 64 per cent to $192,000 each this financial year, according to the latest forecast from the Australian Bureau of Agricultural Resource Economic and Sciences.
Strong meat export values in the US beef and lamb market and the Middle East sheep meat trade are coinciding with generally improved seasonal conditions to drive a rebuild in the nation’s herd and flock numbers by more than two per cent.
Winter crop production is now forecast by ABARES to rise to near-record levels in NSW and Queensland and is better than expected in Western Australia.
JOHN Shaw STA FM
