Rural

Promising signs in 2016 cattle market

Monto Cattle and Country's first sale for the year was a cracker. Photo: Emily Smith / Central and North Burnett Times
Monto Cattle and Country's first sale for the year was a cracker. Photo: Emily Smith / Central and North Burnett Times Emily Smith

TTLE prices remain strong, with the first cattle sales of 2016 picking up where they left off last year.

Market reports from Farrell McCrohon and Ray Donovan show that despite some varying quality, the cattle market remains firm across all categories.

Continuing strong demand from re-stockers, along with favourable weather conditions in the Clarence Valley compared to other regions is keeping the market firm, which is good news for all producers, Farrell McCrohon stock agent David Farrell said.

"It's a strong market now, the export market is a bit easier than last year but there are some good prices across the market," he said.

"Last year ended well and we were hoping to see those strong prices continue, so it was good to start the year off well."

Mr Farrell said he hoped the strong start to the year was a sign of things to come.

"It looks like it'll continue into this year," he said.

"It's hard to draw a line and predict the trend for 2016 but it was a good start to the year, and we hope the market will stay strong."

Ray Donovan stock agent Mitch Donovan said the export cattle market faced a price correction from the end of last year, and it could take a few weeks before the market found a balance.

"It was a bit of a drop in a short amount of time," he said.

"Export buyers and producers are playing a bit of cat and mouse at the moment trying to find out what the numbers are like in the country, so it might take a few weeks before the market finds the right price."

Mr Donovan said there had been enough rain in the area for sellers to be able to hold out on their price, driving the market up.

"The re-stockers are what's keeping the market up at the moment," he said.

"The producers over the last six months have sold their cattle for big money, and if they need to re-stock now they have the money to buy, so it makes the market."

Despite a yarding of only 394 head of cattle at the Grafton Saleyards on Tuesday, Mr Farrell said the smaller sale was actually good for this time of year.

"It was our first sale, there's always a buffering zone at the start of the year," he said.

"People hold off for the second sale sometimes, others are away on holidays so traditionally the first sale is a bit lower.

"But compared to this time last year, there was actually more cattle yarded which was good."

While there has been some significant rain over the Christmas period, Mr Farrell said many parts of Queensland were still very dry.

"There has been good rain in some parts, which alleviated problems faced by some producers but it's a big country and not everyone was so lucky."

Industry group Meat and Livestock Australia publishes the Eastern Young Cattle Index (ECYI), which is a benchmark for Australian cattle prices.

Notwithstanding a fall in late October last year, the ECYI has trended upwards since December 2014, growing from under 350c/kg to close to 600c/kg.

Topics:  cattle sales, grafton




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

3 easy dinner recipes your kids will love, and so will you

No Caption

THERE is a middle ground! Dinners fit for kids and adults.

How to reduce your child's risk of food allergies

ABOUT 90% of food allergies are caused by just seven foods.

5 good mental health habits for kids (and parents)

CRYING OUT FOR HELP: The demand for counselling support for children and young people is increasing.

FORMING good habits early is critical for your child's mental health.

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Susie O'Neill: Why I stopped smacking my children

Swimming legend Susie O'Neill says she has stopped smacking her kids.

“I (smacked) because that’s what I knew growing up."

Introducing a step-parent into the family

Introducing a step-parent into the family can be stressful for the children, as well as the new parent.

THERE is no easy way to introduce a step parent into the family.

Stevens stumps doctors with early return from injury

STUMPED: South Grafton Rebels’ captain courageous Grant Stevens is expected to make an early return from a shoulder and sternum injury this Sunday.

Skipper back in red and white afterr shoulder injury

Ghosts get return to Grafton

TOUGH GOING: Grafton Ghosts’ Rob Howard, Jake Barnett and Daniel Lavender wrestle a Comet to the ground during a recent win.

Home side on finals charge ready for hapless Sea Eagles

2016 Go Art prize winners

The junior winner Brayden Jamieson, from McAuley Catholic College with his winning painting, beach inspired landscape.

All the placegetters from art competition

Latest deals and offers

Ulmarra Public School celebrates 125 years

CELEBRATION: Isabella Watts, Sophie Watts, Jean Kratz and Emily Watts cutting the cake at Ulmarra Public School's 125th birthday celebrations on Friday, June 24.

Ulmarra Public School celebrates 125 years

Justice Lucy McCallum

Justice Lucy McCallum

Justice Lucy McCallum says she reduced Oliver Curtis's sentence due to comments...

Perisher has 50cm of snow

Resort to open after 50cm of snow.

Smiggin Holes and Blue Cow to open after 50cm of snaow falls in Perisher valley.

Commercial Property June 16 edition

SNAPPED UP: A sushi shop in a106sq mground-floor tenancy with a 43sq moutdoor area in Southport Central Towers on the Gold Coast has sold for $954,000.

RealCommercial edition June 16, 2016.

Iconic North Coast hotel could sell for $80 million

ON THE MARKET: The Beach Hotel, Byron Bay.

Million-dollar views, good income, beer - what more could you want?