Continuing optimism around the cattle market was reflected in Friday’s successful annual Rayleigh Poll Hereford Stud’s bull and female sale at Narrabri, with a Rayleigh bull achieving a record top price of $24,000.
The industry has entered the third consecutive year of excellent beef prices as the ravages of the drought years recede.
And short and medium-term prospects for domestic and international markets are being viewed with confidence.
Rayleigh Poll Hereford Stud has been in operation for 65 years.
New and repeat buyers from across the North West attended the sale at the stud’s Kaputar Road property, ‘Kombali’, and bid online from as far afield as Echuca, Victoria.
Tooraweenah beef producer Steve Connell bought the top-priced bull for a record $24,000, buying three lots to average $20,000.
Mungindi producer Terry Scriven bought three bulls to average $14,000.
“Twenty-five out of 29 bulls sold at auction with two sold after the auction, achieving a record average of $13,678,” said agent, Nutrien’s Bruce Evans.
“Fourteen of 16 heifers sold for a top of $5500, averaging $3600.”
The top price heifer was bought by William Buchanan, Killarney Station.
“Buyers were prepared to pay top money for the quality cattle, a testament to the Holcombe family,” said Mr Evans.
“After several years of good seasonal conditions and high commodities prices, producers are now in a position to be able to invest in high-grade genetics that will drive their businesses forward in the future and improve productivity.”
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