Inverell Cattle Sale Tuesday 13th August.
Numbers were down slightly for a yarding of 1,545 head consisting of a good supply of young cattle, while cow numbers continue to be high.
The yarding of young cattle consisted of large numbers of yearlings and there were several pens of weaner cattle offered.
Quality was good with several lots of well-bred and well finished cattle off crop, along with some plainer type cattle offered.
The market continued to be strong with restocker weaner steers selling to a top of 442c/kg.
Feeder steers sold firm to 5 c dearer depending on weight and breed, ranging from 344c to 392c, while feeder heifers held firm selling from 280c to 346c/kg.
The yarding of export cattle consisted mainly of cows, while there was a small penning of grown steers, however there was increased numbers of grown heifers offered.
Grown steers ranged from 314c to 350c, while grown heifers struggled to reach last week’s prices selling from 262c to 339c/kg.
The cow market saw little change, although there was not the number of heavy high yielding cows offered this week.
The 3 score cows averaged 281c while 4 score cows sold from 282c to 321c/kg. Heavy bulls toped at 301c/kg.
Inverell Sheep & Lamb Sale 13th August.
There was a larger yarding of 2,996 head of sheep of which there was 2,345 lambs.
Quality of the lambs was generally good with a fair percentage off crop.
There was a good supply of trade weights and also a good run of heavy and extra heavy lambs offered.
The market was strong with trade weights selling from $150 to $186 while heavy trade lambs ranged from $176 to $212/head.
Heavy and extra heavy lambs sold from $215 to $250/head.
Dorper lambs reached a top price of $215/head. The small penning of hoggets toped at $210/head.
There was a good quality penning of mutton, mainly ewes.
The market improved for most lots ranging from $82 to $148/head.
ROMA STORE SALE AUGUST 13
4601 HEAD SOLD YESTERDAY WITH HEAVIER RAINS AFFECTING NUMBERS ON OFFER. ALL BUYERS WERE PRESENT
YEARLING STEERS C2 SCORE
200 TO 280 KGS SOLD TO 408 TO AVERAGE 382 OR $954
280 TO 330 KGS SOLD TO 390 TO AVERAGE 372
330 TO 400 KGS SOLD TO 392 TO AVERAGE 380
OVER 400 KGS SOLD TO 396 TO AVERAGE 384
YEARLING HEIFERS C2 SCORE
200 TO 280 KGS SOLD TO 338 TO AVERAGE 322
280 TO 330 KGS SOLD TO 338 TO AVERAGE 314
330 TO 400 KGS SOLD TO 332 TO AVERAGE 292
OVER 400 KGS SOLD TO 330 TO AVERAGE 282
COWS UNDER 520 KGS
D2 COWS SOLD TO 245 TO AVERAGE 232
COWS OVER 520 KGS
D2 COWS SOLD TO 262 TO AVERAGE 250
D3 COWS SOLD TO 316 TO AVERAGE 286 OR $1728
BULLS OVER 600 KGS SOLD TO 288 TO AVERAGE 256 OR $2798
THIS IS CHARLES WEYMAN JONES IN ROMA, REPORTING FOR RESONATE REGIONAL RADIO
News Items from The Land.
Glen Innes saleyard feels the pinch as economies of scale dictate growth of regional centres.
Northern Tablelands saleyards received a financial boost last week but as an essential outlet for regional livestock producers, however, not all of them are assured of a bright future.
At Glen Innes an ageing facility is costing the local council $250,000 a year in depreciation, staff and maintenance while most livestock sales from producers in this district take place at Inverell, under cover, in a larger facility.
Only the annual weaner sales now contribute to the upkeep, with about 7000 head last year going through the facility.
Glen Innes Severn Shire deputy mayor Troy Arandale says there is local government support for “creating an environment for success” and as such sees the saleyards as a great facility in that regard.
He says the council doesn’t want to see the saleyards go – but with maintenance and depreciation it has to be cost neutral and if they don’t break even then we have to make decisions.
Rain the cattle price clincher: ‘There’s no way it won’t drive prices up’
Unseasonal rain this week across big swathes of cattle-growing regions in both the north and south will likely be the clincher for those restockers who’ve been sitting on the fence.
The demand boost should set the young cattle market up beautifully to complement the strength in finished cattle prices and provide an overall hefty level of confidence in beef.
The rising market across most categories appeared to have plateaued just as the rain hit. Agents say lack of accessibility to stock will now see a quick reduction in supply.
Bruce Birch of Birch Rural Tenterfield says the store market reacts with the most venom on the forecast and people will now be competing on a market with limited supply.
Inverell agent Darcy Brennan, Lehman Stock & Property, said additional supply had been coming onto the market in the lead-up to the rain as producers started to chase the better prices.
He said with the lift in the job, those who had been able to hold cattle were starting to move,” h
Black Mountain and Guyra wind and solar focus by Batting for Booroolong
More than 100 locals recently attended a meeting in Guyra to seek information about current renewable energy proposals in the Black Mountain and Guyra districts.
Hosted by Batting for Booroolong (B4B), a community group of locals advocating for responsible energy development in the region, the meeting covered likely impacts, including transport and roads, impact on hosts, environmental and community impacts, and end-of-life plans for towers and panels.
One of the keynote speakers was Sydney lawyer Mark Fogarty, a director of Bushtricity and a person that the chair of B4B, Tony Menkens, regards as a key legal advisor for rural and regional groups negotiating with energy companies over the establishment of renewable projects.
Mr Menkens said B4B is an affiliate of Responsible Energy Development for the New England (RED4NE).
He says It was open to renewable energy projects and wanted the proposed wind and solar projects to be appropriately investigated and met with community approval, not just for those who owned the land where the projects would be constructed.
Rapid renewable rollout may hike food costs and cut farm output, study finds
The shift to renewable energy sources has led to increased food prices and decreased agricultural output, according to a new study arguing that the transition from fossil fuels to green power carries unwanted economic and social impacts.
The analysis also found those nations more advanced in building renewable technology, such as solar and wind power, into their energy matrix had experienced “a more pronounced effect” on costs and production compared to those slower to adopt renewable energy sources.
Study authors examined data from 32 Organisation for Economic Co-operation and Development countries, including Australia, Canada, France, Germany, Japan, New Zealand, Spain, the United Kingdom and the United States, from 2000 to 2021.
University of Auckland Energy Centre director professor Emilson Silva said the study originated from his observations of farmers’ recent protests in Australia and other countries.
Good times ahead for agriculture, says expert
Australian agriculture has a bright future and is even set to grow in a high interest-rate and high-inflation environment.
And the Eastern Young Cattle Indicator could hit about 800c/kg by July 2026.
These are the forecasts from data compiled and analysed by leading agribusiness figure David Goodfellow.
In an all-encompassing presentation to Marcus Oldham Agriculture College students in Geelong recently, Mr Goodfellow said the volatility of farming caused farmers to borrow about 20 per cent of asset value, compared to around 65pc for commercial real estate investors, meaning interest rate rises did not hit the top-operating farmers as hard, and also coincided with rising commodity prices due to rising inflation.
Mr Goodfellow’s analysis has agriculture prices outstripping any inflation and interest rises over the next few years.
He said in agriculture, because we don’t know what income is going to be each year, we typically only borrow up to 20pc of our assets so the interest rate going up doesn’t affect us like it affects a lot of other people
In a wide-ranging presentation, Mr Goodfellow, a former Elders, Paraway Pastoral and CBRE executive, said: Cattle returns have been 5.3pc annually over the past 28 years, Australian agriculture has seen a boom about every 30 years. And Australia has Donald Trump to thank for the most recent boom in ag commodities.
Repeat clients keep the bidding for Eaglehawk sires busy to the finish
Queensland cattle producers and repeat clients dominated the bidding during the Eaglehawk bull sale at Kingsland.
The sale reached a top price of $32,000 and an average of $12,208.
Of the 100 bulls offered, 97 sold under the hammer with those few passed-in finding new homes before the close of sale.
