Bulls remained affordable despite brisk bidding by repeat buyers increasing prices at the 2016 Balonne Bull Sale.
On Monday the 5th of September combined agents GDL and Elders auctioned 115 bulls from eight breeds in the Balonne region’s only multi-vendor sale at “Myall Plains”, Nindigully.
The sale grossed $645,000, an improvement of almost $125,000 on last year, with bulls across the board increasing by around $1,500 to average almost $6,000.
Green grass and good beef prices created an air of optimism as more than 70 buyers competed for one of the most consistent offerings in recent years.
Angus were the flavour of the day with the 75 bulls from the Carabar Stud at Meandarra and the Mooroobie Stud at Goondiwindi selling for an average of $6,253.
For the fifth year in a row Darren Hegarty from the Carabar Stud had the top price of the sale with Gary Lee, Nangarie, Roma paying $15,000 for lot 10.
Back in 2012 Mr Lee also bought the top priced bull at the Balonne Bull Sale paying $10,500 for another Carabar Angus.
Mr Hegarty said this year’s price of $15,000 was $1000 more than last year’s record price.
“The top price is being driven by repeat buyers which proves my bulls are working for them and they believe they are worth the money,” he said.
A total of 15 Santa Gertrudis were offered by the Dangarfield Stud Taroom and the Swan Hill Stud Blackall, averaging $6,000 with a top price of $8,000.
The Blue Dog Simmentals Wandoan averaged $5,300 with a top of $8,000, the Kilkenny Charolais Taroom averaged $5,000, the Wellcamp Charbray Lundavra averaged $4,000 and the Elkay 2 Droughtmasters Bungunya averaged $3,700.
However, there were no buyers for the Bottle Tree Blonde d’Aquitaine bulls or the Bolinda South Devon bringing the clearance rate back to 95 percent with 109 bulls in total sold.
Buyers came from Glen Innes through to Capella and Dalby out to Cunnamulla, with volume buyers of the day, Walmayne Pty Ltd at Moonie, securing 12 bulls.
GDL Stud Stock Manager, Harvey Weyman-Jones, said the sale met expectations.
“We were expecting a better sale than last year because the market has lifted”, he said.
“In general across all the bull sales we’ve done so far averages have increased from $1,000 to $3,000 and so this on a par.”
Mr Weyman-Jones said with cattle producers starting to rebuild their herds the market will continue to strengthen over the next 12 months to two years.
For more sale information ring Harvey Weyman-Jones on 0414 941 788.