Mainly local buyers, strong market

ONE of the auctioneers calling bids at Friday’s Wangaratta Livestock Exchange monthly store cattle sale said he would “take anything that’s not nailed down” – and he did.

Prices for young store cattle continued into prime territory as graziers pulled out spare dollars available to them to invest in an opportunity market that continues to rise – topping out at 438 cents per kilogram.

Dry it may be, said veteran agent Kevin Sanderson of Corcoran Parker, but the rain will come within about four weeks, it’s expected, seeding current confidence.

Well-known local commercial producers offered 791 predominantly young cattle, including 19 cow-calf pairs in the yarding, with the latter making up to $1840 per unit for Bundalong vendor Del Rae Investments.

But the 470 weaners were those that attracted the buoyant attention of a relatively small crowd of mainly local and some regional buyers, achieving an average price of almost $470 per head.

Cambatong Park offered 50 Angus mixed sex four to six-month-old weaners while Del Rae Investments’ 23 Angus 12-month-old and 16 nine-month-old steers in separate lots were followed by 10 heifers at eight months old.

JJ Nolan’s ‘Woodlands’, RT and CA Cavanagh and K and B Simmonds also placed young cattle for sale.

A pair from Mount Cleve Pastoral Company secured the top price for steers by weight – and the top price of the sale – at 438c/kg, an average of $1300 per head.

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