Inverell Cattle Sale Tuesday 19th November.
Inverell penned 2221 good quality cattle an increase of 964, a combined prime and store sale.
Young cattle dominated and there was in increase in the cow offering.
The regular buyers attended to a sale of mostly dearer trends.
Light steers to feed were dearer selling to 418c/kg and steers to background sold to significantly dearer trends 286c to 450c/kg.
Heavier steers to feed on slipped considerably ranging 278c to 394c/kg.
Medium weight steers gained 22c/kg while similar weights to background lost 22c/kg selling 338c to 370c/kg.
Light yearling heifers to background gained 23c/kg with heavier drafts also dearer 284c to 328c/kg. Medium feeder heifers dipped slightly 280c to 338c/kg. Heavy yearling heifers to feed marginally dearer 314c to 324c/kg.
Heavy grown heifers to process were up 22c/kg. Medium cows slipped 23c/kg. Heavy cows were up to 9c/kg better 260c to 289c/kg.
Heavy bulls also dearer making 318c/kg.
Stephen Adams MLA
Inverell Sheep & Lamb Sale Tuesday 19th November.
Inverell penned 2448 sheep and lambs comprising 1398 lambs and 1050 grown sheep and with a full complement of buyers the results returned dearer trends for the most part.
Light lambs to process were dearer for Dorpers and crossbreds $165/head the Dorpers and $160 the crossbreds.
Trade Merinos were $13/head dearer making $160/head.
Trade Dorpers were $8/head better $174 to $208/head.
Heavy crossbreds were $12/head cheaper while the similar weight Dorpers gained $7/head $210 to $212/head.
Lambs under 30kgs cwt sold to a considerable rise of $33/head to top at $270/head. Heavy hoggets were $20/head better.
Grown sheep generally dearer. Medium Dorpers up $12/head. Crossbred ewes as much as $40/head better and similar Dorpers to $13/head better.
Merino wethers $125/head.
Stephen Adams MLA
ROMA STORE SALE NOVEMBER 19
5292 HEAD SOLD YESTERDAY IN A WET ROMA. THE MARKET WAS STRONGER ACROSS ALL DESCRIPTIONS.
YEARLING STEERS C2 SCORE
200 TO 280 KGS SOLD TO 430 TO AVERAGE 392 OR $1012 280 TO 330 KGS SOLD TO 436 TO AVERAGE 400
330 TO 400 KGS SOLD TO 426 TO AVERAGE 396
OVER 400 KGS SOLD TO 398 TO AVERAGE 377.
YEARLING HEIFERS C2 SCORE
200 TO 280 KGS SOLD TO 330 TO AVERAGE 259 280 TO 330 KGS SOLD TO 348 TO AVERAGE 300 330 TO 400 KGS SOLD TO 366 TO AVERAGE 325 OVER 400 KGS SOLD AT 366
COWS OVER 520 KGS
D3 COWS SOLD TO 284 TO AVERAGE 259
D4 COWS SOLD TO 306 TO AVERAGE 286 OR $1675
BULLS OVER 600 KGS SOLD TO 308 TO AVERAGE 290 OR $3027
THIS IS CHARLES WEYMAN JONES IN ROMA, REPORTING FOR RESONATE REGIONAL RADIO
Who’s ready and who’s not for eID as kick-off looms for sheep, goat system
The commencement of the national mandatory electronic identification (eID) for sheep and goats is less than two months away.
Any sheep or goats born from January 1, 2025, will need to be tagged with an eID before leaving their property of birth.
Acting CEO for Australian Meat Industry Council, Tim Ryan, said there were differences state to state on progress at processors, and a couple of isolated issues with getting equipment ordered, but on the whole the sector was on track.
He said it had been useful where producers had tagged early for the abattoirs to conduct some initial test runs, but he said the sector was expecting the first significant wave of 2025 tagged new-crop lambs in autumn and that’s when the plants would “really fine tune their systems properly”.
The NSW Government has committed $41 million to producers and industry in the rollout of the program, said a spokesperson for NSW Department of Primary Industries and Regional Development
WoolPoll participation falls to all-time low amid tough market climate
Fewer than ever woolgrowers chose to vote in this year’s WoolPoll despite a concerted campaign to boost participation rates.
Australian Wool Innovation has cited the difficult conditions faced by growers this year for the drop, which saw just 7,248 voters or 18.23 per cent of eligible voters return their ballot.
This year’s WoolPoll saw voters cement the current 1.5pc levy rate in place for an additional three years.
Nufarm in red ink: Overstocked ag chem supply chain, price war hit earnings
Farm chemical and seed business, Nufarm, has ended a tough trading year with a 105 per cent profit slump turning into a $6 million loss.
The company and its global rivals were haunted by a global oversupply of expensive crop protection stocks and sluggish buyer demand.
Now, however, stocks have run down and managing director, Greg Hunt, believed there was a risk any significant supply chain disruption may trigger inventory shortages and rapid price rises for farmers.
Distributors’ inventories had declined to low levels and manufacturers’ stocks of expensive active ingredients and finished products had alsoreduced across the board.
GrainCorp profit sinks 75pc but growth plans afoot and share dividends lift
Profits have tumbled 75 per cent to $62 million for east coast grain handling, trading and processing heavyweight, GrainCorp.
Last year’s lean NSW and Queensland harvest and tighter export and oilseed crush margins took their toll during the 2023-24 trading period.
However, the grain, food processing and stockfeed business’ balance sheet has still emerged in relatively robust health, enabling the company to explore more diversification options for its ports and feedlot services and continue with its bio-energy market ambitions.
It will also pay a special 10 cents a share dividend to shareholders, on top of a final 14c ordinary dividend.
Elders announces $475 million purchase of rival farm services group
Farm services heavyweight Elders has announced it is to buy a rival NSW based agribusiness group, for more than $470 million.
However, the acquisition of Delta Agribusiness will not see it blended into Elders branch network, instead remaining as a stand-alone player in the farm sector market.
Delta has similar rural products and advisory services through a network of 68 branches and about 40 independent wholesale customers in five states.
Meanwhile Elders, the 185-year-old agribusiness, posted a 55pc slump in statutory net profit from $100.8m to $45.1m for 2023-24
Although sales were helped by recent a recovery in livestock prices and contributions from 21 new agency and business points acquired during the period, full year revenue slipped 6pc to $3.13 billion.
How to make money from beef in 2025; where the cattle price wins will be
There will be money to be made from beef in 2025. It will also be easy to lose it.
An increase in confidence in 2025 will be needed, Troy Setter believes.
The man at the helm of one of the country’s largest privately-owned cattle operations, Consolidated Pastoral Company, said in 2025, Australia would not be able to keep killing off and live exporting the herd like it had during this year, without long-term implications to the balance of the industry.
He says Lot feeders, processors and exporters will struggle longer term for supply if we keep killing off the herd.
Mr Setter says rain will be key in 2025.
He says ‘It brings confidence, grass for farmers and grain for feedlots who are the second biggest customer for cattle producers behind meat processors.”
If that confidence eventuates, pregnancy-tested-in-calf cows and heifers will increase in value.
