Cattle are lowing, and prices rising
By Renee Redmond
Cattle auctioneer Mark Simpkins suspects a hike in cattle prices could be a result of recent rain across the region.
The John McMahon stock agent said yesterday's sale at the Casino Saleyards saw an increase of 20 cents a kilo.
"It doesn't sound like much, but if you're talking about a 200kg beast, it's an extra $40 per head," he said.
Mr Simpkins said it was also the biggest yarding this year with 2640 head of cattle sold.
"Cattle prices have been strong around the State this week, which is why we had such a good turnout from local producers yesterday," he said.
"Cattle is selling for around $2.10 per kilogram at the moment, but I have seen it go up as high as $2.60 per kilo before," he said.
Tabulam cattle farmer Tony Hart sold 100 head at the sale yesterday and said with all the rainfall on the western slopes the supply was drying up.
"When supply is low the prices go up, which is great for us since we've only had 4mm of rain in the past two weeks," the 54-year-old said.
"If it doesn't rain you've got no feed for your cattle and have to sell, but when you get a good hit of rain you can afford to keep them."
Mr Hart said he was pleased for the farmers who were lucky enough to get rain, but didn't expect to see any heavy rainfall on his property until summer.
"For us, the increase is a light at the end of the tunnel," he said.
n For Lismore cattle prices and more rural news, see Rural Outlook pages 22-23.