Rain and supply shortages drive Leongatha steers in surging market

Nutrien's Brian McCormack wraps up the sale as a pen of steers surpasses 700 cents a kilogram.

Transcript

00:00Prices were definitely a lot dearer again. Another step up. The Blackwood grazing cattle,

00:04they had the first part of their draft a fortnight ago, and the second part today,

00:12and possibly a third draft in a fortnight's time. But yeah, the price is a lot higher again. Another

00:18step up. We've had a lot of rain in between time, which has helped the market here. So your local

00:22grazing competition is outweighing your feedlot competition at the moment right throughout the

00:28majority of the sale. You're well into your five dollars again for your feeder cattle.

00:33You know, five to five thirties on most sort of four to five twenty kilo cattle. A few handful of

00:38biggest ears, they'd be around that five, five ten mark. Oddpen, I think, made out to five twenty on

00:44those. Your good 12-month-old calves, weaned calves, those breaks at sort of three thirty to sort of

00:52three sixty kilos. Just touch it on two thousand on those. So they're sort of out into the low

01:01high fives, the low sixes. And some of your very light 200-250 kilo calves are made out over seven

01:08bucks, which was very, very good for them, yeah. Absolutely. A great result there. And all down to

01:14rain? Oh, I think that all helps. It's the time of the year. Like a lot of people now are moving a few

01:19bullocks off as well. So they're looking at replacing. You've got a bit of a feel now for

01:24for what silage has been done or going to be done. So all that sort of comes into it. So yes,

01:29you know, the range is predicted on what what that's made happen.