Fat cattle prices better than expected
WHILE fat cattle prices at the Coolabunia saleyards eased on trend with statewide prices, the drop could have been much more severe.
James Bredhauer from Aussie Land and Livestock said he was surprised at the final numbers.
"The sale actually went pretty good compared to where the rest of the market is,” he said.
"Looking at the market reports, we're about 20 cents in front of Murgon.”
Mr Bredhauer put the increase down to the concentration of clean cattle in the yarding and the high volume of restockers bidding for young beasts.
Bill Vacher runs senepol cattle on a property out along the Wondai-Chinchilla Rd.
He sold 58 weaner steers and heifers to return some of the best prices of the day, with six pens selling for 295-310c/kg.
"I like their build, their nature and how they do in the country,” Mr Vacher said.
This will be the only time Mr Vacher brings stock to the market this year while he waits for his herd to replenish.
"We usually wean them in June, then we sell them in January or February,” he said.
As for when he decides to sell, Mr Vacher takes his cues from the weather.
"It depends on how dry it is. I was pretty worried about how the season is going and those cattle were in pretty good condition,” he said.
"You judge what you do. Sometimes you make the right call and sometimes you don't.”
The fat cattle prices were less impressive.
"They sold fairly well, but I'd say the market is still coming down on last week's sale,” Mr Bredhauer said.
"The prices are fairly comparable to the direct-to-meatworks prices.”
An oversupply of slaughter cattle continues to put downward pressure on prices.
"Because (the meatworks) are getting enough cattle, they don't have to pay the money, so they're not,” Mr Bredhauer said.
Mr Bredhauer and the other agents who operate at the Coolabunia saleyards are asking vendors to let them know if they have any concerns about the lease agreement with AAM Investment Group.
The agents want to collate these concerns and present them to South Burnett Regional Council in the hope they can be addressed when the lease contract is drawn up.