Agents reported "outstanding" results at the store sale at Bairnsdale on Friday, with prices again rising on a fortnight ago.
About 2130 head were yarded at the East Gippsland Regional Livestock Exchange.
A market report by Meat & Livestock Australia noted quality was very good, with steers selling about $100 a head dearer while heifers sold up to $300 better.
The MLA report found the top of the weaner steers was a pen of 17 Angus, 396kg, which sold for $2410 or 609 cents a kilogram, while yearling steers topped at $3160 or 491c/kg for five Angus weighing 643kg.
A pen of 18 Angus heifers, 324kg, was top of the weaner heifers, making $2160 or 666c/kg.
The top pen of yearling heifers was a pen of 15 Herefords, 412kg, which sold for $2260 or 549c/kg.
Bill Wyndham & Co auctioneer Jake Fullgrabe said the sale was phenomenal.
"We thought the market was dear a month ago, we though it was dear a fortnight ago, but today was absolutely unbelievable," he said.
"It was just a great line up between all agents of calves, all weights and grades."
Commission buyers were filling orders from Tamworth, Dubbo and the Riverina which was putting a floor in the market, he said.
South Gippsland buyers were also cashed up after selling bullocks in the range of $3500 to $4000.
"They're turning around back into the store markets and they're comfortably paying anywhere from $2000 to $2500 for replacements and they've still got a margin," he said.
"The fat market is just getting stronger and stronger, and especially us in East Gippsland, we've had anywhere up to four inches of rain.
"Everyone's banked up for spring, everyone's got money in their pockets, they've got grass, and they're wanting cattle."
Heifers also sold very well, with prices starting at $1500 a head for smaller cattle.
There was a good run of heavier heifers above 400kg that were selling up to $2400.
Elders Bairnsdale livestock agent Morgan Davies said it was an outstanding result with dearer trends on most types of cattle.
"Most Hereford steers were making 600 to 720 or 730c/kg, there was a lot of cattle making mid 700s through to 850c/kg for 250, 270kg calves making $2100," he said.
There were the regular East Gippsland buyers as well as feedlots operating, he said.
Heifers were also much dearer than the previous fortnight, he said.
"(There were) lots of heifers making 460 to 530c/kg," he said.
"It was a really, really good sale, outstanding result and we couldn't be happier."
The season had been quite dry but recent rain had turned things around, he said.
"We've gone from being quite dry and looking over our shoulder now to probably having one of the better spring breaks we've ever had," he said.
"All in all I think everyone's in a very good position."