GOOD FOLLOWING: Kate Fairlie, Lanark Angus stud, sold three bulls at $5000 each, at the family's Moerlong field day near Penola.

SAsbeef days attract broad buyer support

Bull buyers braved the heat for Stock Journal’s inaugural Beef Week, with particularly strong interest from the South East and western Vic.

Bull buyers braved the heat for Stock Journal’s inaugural Beef Week, with particularly strong interest from the South East and western Vic.

Across the four days from Friday last week to Tuesday, more than 70 studs, representing 16 breeds, opened their gates.

In the past year, Australian beef prices have dropped about 20 per cent, realigning themselves with the United States market, which has dampened some confidence.

But the signs are still for prices to remain well above long-term averages, encouraging cattle breeders to invest in herd-improving sires.

Ravenswood Angus, Balhannah and Murray Bridge, topped Beef Week sales with an embryo transfer-bred bull making $15,000 to Roseleigh stud, Pinnaroo.

On Tuesday, Warrensville Poll Herefords, Bordertown, which has moved away from holding an annual auction, sold 10 bulls to $6000 by lunchtime. Limek Limousins, Western Flat, sold five bulls for the day to $7500.

Stock Journal livestock advertising manager Mark Scown was pleased participants had embraced the inaugural Beef Week, which was previously run by SA Beef.

He said stud breeders had recognised the importance of showcasing their upcoming sale drafts and wider breeding programs.

“It is a no pressure event where breeders can compare studs and work out their buying decisions,” he said.

“Everyone gets a quote for their insurance or test drives a new car so it should be the same with bulls where we are also talking about a lot of money.”

Despite the recent price drop he said there was still a positive vibe about beef.

“Studs are prepared to accept prices may be back on last year but there are good indicators that there will be good support for the upcoming sales based on the private sales we have seen.”

Lanark Angus stud’s Kate Fairlie, Moerlong, said they were pleased to sell three bulls at $5000 each within the first hour of inspection.

“We had two new clients who purchased bulls and returning buyers so we had a successful field day considering the heat,” she said.

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