Spring calves hit Euroa store sale

Spring calves hit Euroa store sale

Sales
MARKET: Cattle prices rose per head at Euroa.

MARKET: Cattle prices rose per head at Euroa.

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Restockers from the north-east and Goulburn Valley increased demand for cattle at Euroa.

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Strong demand due to a shortage of cattle in parts of north-east Victoria boosted prices between $100 and $150 a head at Euroa last week.

A yarding of 800 cattle was presented at the monthly sale ahead of the highly-anticipated Black Angus Feature Sale in December.

Nutrien Ag branch manager Russell Mawson said the shortage was due to producers offloading numbers to accommodate the seasonal change last year.

"Although we're short of water, the feed has continued to grow which has been amazing ... and that has given a lot of people some confidence," he said.

"The steers saw the greatest increase in price and the weaners were very strong about the 370 to 380 cents per kilo mark, and the heifers were in stronger demand on the previous sales."

Competition among restockers from the north-east and Goulburn Valley contributed to a rise in prices.

"You've got the influences from export, the influence from our season down here and that's all leading to an increase in demand," Mr Mawson said.

A pen of 10x10 Angus cows with spring calves at foot sold for $1945, while a second pen of 7x7 made $1800.

Rodwells Euroa livestock agent James Cleeland said he noticed more demand among buyers.

"It was stronger than a month ago across the board," he said.

"We saw a few autumn calves start to come into the market which sold to strong competition from $3.40 to $3.75 a kilo and that's promising for the upcoming autumn feature sales."

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