Solid results at Casino weaner sale with $3.7m turnover
THE biggest hereford weaner sale in Australia wrapped up in Casino last Friday with some surprising results following a healthy $3.7million turnover.
Darren Perkins, from George and Fuhrmann, described the sale as "a barometer for weaner sales across Australia", with buyers basing their marketing decisions on it for the year ahead.
"It's usually over two days but this year we made it over three days and sold about 7400 head," he said "This year we had a cheaper weaner market than previous years, which was to be expected taking into consideration how dry it is in Queensland and north-western NSW."
Buyers came from as far as Roma in Queensland, Gunnedah in the west, Scone in the Hunter Valley and some from Victoria.
"It was a very good result overall as last year we had about 3000 weaners go to Victoria and about 1500 to Queensland, whereas this year we only had about 400 go to Queensland and about 100 head go to Victoria. We're seeing a lot less going interstate due to the dry conditions in Victoria, north- western NSW and much of Queensland.
"In the cattle market at the moment we're also seeing a very high Australian dollar which is making it extremely hard for exports. We're seeing extended dry conditions in a lot of areas and we're also seeing people out there being very cautious in their purchasing, but that's no different to any other industry at the moment.
"I think on the market conditions we were presented with it was a very solid result."
Top weaner steers on the day made $760 while the top weaner heifer price was $700. Mr Perkins said it was a very good result for the breeding females which met with strong local demand as well as outside demand.
"The quality of the stock being presented was very good too; we see a lot of repeat buyers and there's a great reputation of what these cattle can do in the other areas they go to," he said.