Strong start to stud cattle sales in Queensland
Elders Queensland stud stock manager Michael Smith reports on highs for bull prices and clearance rates as well as a big lift in female prices.
The 2021 stud sales calendar has opened up on a very strong note. Early bull sales compared directly with the 2020 results have seen averages improve to the tune of 60 per cent, with clearance rates improving from anywhere between 6 to 20pc.
On the female sale front, clearance rates have remained the same as 2020, with most sales achieving between 85pc and 100pc. However, we have seen an increase in average prices to the tune of anywhere between 35 to 55pc on the 2020 results. Some seedstock producers have seen the opportunity with the strong market to offer females that they would normally not, and we have been involved in a number of extraordinary female sales for 2021, all with very positive results.
Looking forward to later in the year with bull sales commencing in June and gaining momentum as we move into spring, early indications are at this stage we will not see any significant increase in the number of bulls coming onto the market. With the seasonal conditions much better in a number of areas this year and the continuing strengthening of the commercial cattle market, it is expected that the spring selling season results may be in favour of the vendor.
A couple of new sales in 2021 that the Elders Stud Stock team are involved in include the Dorroughby Speckle Park Invitation Sale at Westbrook on Saturday 28 August and the Carnarvon Classic Droughtmaster Bull Sale to be held at The Rolleston Livestock Selling Complex on Tuesday 21 September.
If you require a catalogue for any upcoming bull or female sale don’t hesitate to contact anyone of our helpful Elders Stud Stock staff or your local Elders branch.
Looking to increase your herd? See the latest stud stock sales.