Currently our livestock and rural property markets are in a very good state. Almost on a weekly basis we are seeing
price records for cattle. We are used to seeing close to $4.00/kg/lw for light weight weaner cattle but we are now seeing those levels and better for feeder steers and close to those levels for heavy finished cattle. Cows are in short supply and are coming back at levels that were normally seen as top prices for cows and calves.
The word on the cattle market is that we are coming close if not at the top, as you can imagine, feedback from processors and feedlots is saying that it is starting to affect their profitability significantly. With current seasonal conditions looking very promising for a good start to Spring, the prospect of an over-supply situation forcing a correction is looking very unlikely.
Our sheep and lamb markets are also at very high levels. New seasons lamb numbers are growing steadily from week to week in our Forbes yarding’s with average pricing between $6.50-$7.00/kg/dw being achieved. Older lambs, both trade and heavy, are continuing to see levels around the $6.00/kg/dw if they are finished and fresh.
Where we are starting to see price pressure is on the lighter off type crossbred and merino lambs. This isn’t news to most but it should be remembered that these prices are still well above average for this time of year.
Our old sheep are still selling very well and it is not uncommon to see prices over $100/hd for well finished old sheep, which when you combine this with wool returns, your young replacement ewes are relatively under the market. As you can imagine store demand for both light cattle and store lambs is very high and hard to acquire. For those who don’t wish to outlay the high prices there are many people looking for agistment from areas not as lucky as ours. Feel free to contact us regarding any marketing information.
Our rural property market is continuing to see interest from both local and interstate. There is enquiry from areas where arable cropping and grazing values are well above our own, and people are looking to alternative areas such as ours. With the above livestock market values we are seeing grazing values increasing dramatically and therefore affecting overall land values.
For more information about any livestock or rural property marketing, feel free to contact us or visit www.langlandshanlon.com.au
By Geoff Rice