Inverell Weekly Cattle Sale – Tuesday 11th February.
Inverell numbers reduced by half to 557 mostly good quality cattle.
Some operators were absent and another cow buyer returning saw trends improving for the most part.
Very light yearling steers to restockers up 21c/kg with a large contingent going North of the border.
Light steers to background gained 19c/kg selling 312c to 384c/kg.
Medium feeders rose 18c/kg and ranged 316c to 376c/kg.
Steers over 480 kgs to process considerably dearer 324c to 328c/kg. Light heifers to background were significantly dearer while the medium feeders gained slightly to background operations.
Heifers over 400 kgs to feed on were up to 25c/kg better.
Grown heifers to process significantly dearer while heavy cows gained 10c to 16c/kg to top at 290c/kg.
Heavy bulls also dearer selling 270c to 292c/kg.
Inverell Fortnightly Sheep & Lamb sale.
Inverell penned 1820 head comprising 1196 lambs and 624 grown sheep 290 less from last sale.
The regular buyers attended to cheaper trends.
Restockers competed for paddock lambs $25 to $40/head for very light Merino lambs and $110/head for crossbred lambs.
Light trade lambs sold to dearer trends of $12/head $120 to $128/head.
Trade lambs slipped $23/head with only a couple of smaller lots on offer.
Heavy crossbred lambs lost $35/head selling to $205/head while crossbred lambs over 30 kgs cwt made to $255/head.
Similar weight Dorper lambs cheaper selling $210 to $213/head.
Heavy hoggets were dearer making to $145/head.
Light ewes were dearer selling to $63/head.
Heavy ewes slipped $19/head selling $88 to $110/head.
A line of heavy Merino wethers made $110/head and meat ram rams $20 to $44/head.
Stephen Adams MLA
ROMA STORE SALE TUESDAY FEBRUARY 11
5321 HEAD SOLD YESTERDAY. ALL FEEDLOTS AND RESTOCKERS PRESENT FROM QLD AND NSW TO IMPROVE THE MARKET ON LAST WEEK. A SOLID SALE
YEARLING STEERS C2 SCORE
200 TO 280 KGS SOLD TO 438 TO AVERAGE 409 OR $1061
280 TO 330 KGS SOLD TO 452 TO AVERAGE 419
330 TO 400 KGS SOLD TO 452 TO AVERAGE 399
OVER 400 KGS SOLD TO 400 TO AVERAGE 367
YEARLING HEIFERS C2 SCORE 200 TO 280 KGS SOLD TO 348 TO AVERAGE 283
280 TO 330 KGS SOLD TO 360 TO AVERAGE 327
330 TO 400 KGS SOLD TO 354 TO AVERAGE 329
OVER 400 KGS SOLD TO 322 TO AVERAGE 310
COWS UNDER 520 KGS
D2 COWS SOLD TO 238 TO AVERAGE 219
COWS OVER 520 KGS
D2 COWS SOLD TO 265 TO AVERAGE 246
D3 COWS SOLD TO 300 TO AVERAGE 286 OR $1918
BULLS OVER 600 KGS SOLD TO 298 TO AVERAGE 275 OR $2978
THIS IS CHARLES WEYMAN JONES IN ROMA, REPORTING FOR RESONATE REGIONAL RADIO
Agents praise quality as Nutrien Classic gross up $1 million on last year
The quality of horses catalogued and the incentives available helped boost prices at this year’s Nutrien Classic sale, with the gross total up by more than a $1 million on last year’s event.
The sale has been running for 18 years. The 2025 sale offered 533 lots from multiple vendors from Thursday to Sunday at Tamworth’s Australian Equine and Livestock Events Centre.
At the fall of the hammer, 486 of 533 mares, colts and geldings sold to a 91.2 per cent clearance rate.
It reached a top price of $180,000, averaged $27,302 and grossed $13,269,000.
This compared to last year’s sale of 479 of 554 selling to a top of $180,000 to average $24,976 and gross $11,963,682.
Interest rate cuts, cheap dollar prospects lift ag outlook in tough trade year.
Rabobank has joined a growing crowd of financial players tipping a long-awaited interest rate cut this month, also forecasting an export-friendly, weaker dollar during 2025.
The Australian dollar recently slipped to five-year lows of US60.9 cents, driven cheaper over a six-day run by nervousness about a raft of new US import tariffs triggering a global trade war.
Although the currency subsequently regained some ground to around US62c, Rabobank expected it to remain weaker, near US60, as the year progressed.
Six months ago our dollar was worth about US70c after starting last year around US67c.
Domestic minced beef supply shortage as US prices attract trim
‘Middle cuts’ and cheaper options are the flavour of the moment in the meat world, but a minced beef price hike is possible in the coming months.
Australian Meat Industry Council deputy chair and national retail chair Robert Constable, who operates Robert’s Meats at Singleton, said the increasing cost of living was having an impact on the meat-buying habits of consumers.
But ironically, a jump in red meat prices a few years ago may be cushioning the impact.
A transfer of wealth like no other: what you need to know about farm succession
There are plenty of reasons why no one wants to talk about succession.
The inevitability of death implies the inevitability of succession planning, a process where longevity is dependent on clear business strategy and water-tight family relationships – and where failure has devastating, long-term consequences.
The 21st Century also marks a generational transfer of wealth like no other, leading the research team at NSW’s University of New England to devise and revisit a national farm survey looking into the matter.
The research team will use the survey results to craft a guide for families whose estate planning is askew.
UNE Business School senior lecturer, Dr Lucie Newsome is hoping to get around 700 respondents to get “confidential but unbiased data”.
An early start to sorghum in 2024 sets up yields in northern NSW harvest
As sorghum harvest ramps up across the state, early planting has delivered strong results, with growers achieving higher-than-expected yields, including some dryland paddocks reaching 7.5 tonnes a hectare.
Loretta Serafin, NSW DPI summer crops research agronomist, said early sown crops were “paying off with great yields that could border on exceptional in some cases”.
However, she said the bonus of harvesting earlier had one issue front of mind: storage.
She says, since there was an exceptional harvest, growers are finding their on-farm storages and receival points haven’t cleared their winter crops.
