Rural

Gympie Saleyards the best in 20 years says auctioneer

GYMPIE Sullivan Livestock and Rural Services agent and cattle sales auctioneer Dan Sullivan has been in the game for more than 20 years and says current prices are among "the best" he has seen.

The good news with prices was reflected in Monday's cattle sale at the Gympie Saleyards and is expected to continue for the next sale on Monday, March 7.

The fortnightly Gympie sales reflect a strong market, Mr Sullivan said.

"The market is strong at the moment, particularly with young cattle," he said.

The cause for the surge in prices is a case of supply and demand.

Prolonged drought conditions have broken in many parts of Australia, leading to farmers who once were shedding stock looking to build up their herds again.

While the outlook is promising, Mr Sullivan said trying conditions remained for some of the hardest-hit areas in western Queensland.

"Some areas have had good rain," he said. "It's been ideal with the rain and storms helping drought conditions decline."

Current prices have weaner steers up to 210kg selling for $3.96/kg while weaner steers up to 500kg have been going for about $3.33/kg.

Meanwhile, young cows and calves have been going for $1850 under the hammer.

Prices of about $3.14/kg are being reached for young heifers - or $1300 all up for the average heifer.

The prices are a vast improvement to January last year where weaners fetched about $2.50/kg.

In addition to the March 7 Gympie sale, there will be a Woolooga female cattle sale on Thursday, March 10.

Gympie Times

Topics:  cattle cattle auctioneer



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