Livestock Market Update June 2020
Bull Sales Week 5
Our Bidr Hybrid auctions are leading the forefront of our Bull sales for 2020. This has enabled the introduction of online selling and on farm auctions to integrate with a driving force in the market.
We are already at week 5 of a 6-week selling season and prices are tracking above expectations across all breeds.
Week one of the selling season averaged $6k across all breeds - $7,500 for Angus and $6,800 for Herefords. As we have moved across the country the results are yielding another $1,000 across the breeds.
This confidence in the agricultural industry is pleasing given the current challenges we face, even though bulls are seen as a commodity product, the added value down the track has major benefits for traceability, quality eating and market trends.
Our top priced bulls have fetched anywhere from $20,000 to $68,000 across the Hereford and Angus breeds for stud duties.
National Genetics Manager
Alliance Bobby Calves
With the dairy season now finished and the new season underway, it is great to see that gypsy day is behind us and many farm and staff changes have taken place.
Our teams have been busy with herd settlements over the past month and it is pleasing to see that given the drought conditions along with the Covid hurdle, these settlements have gone extremely well. Vendors need to be commended for their efforts in what has been a challenging Summer/Autumn for cow condition and production.
Currently we are busy signing up bobby calves for our partnership with Alliance in the South Island and Lower North Island with calving around the corner. Please discuss with your livestock rep regarding options, it’s a great time to get all of these things in place now so you don’t have any delays with tags once calving begins.
Our Friesian heifers are still generating significant interest from China with delivery options from August to October currently available. This is a great way of making use of any surplus heifers and converting these into early season cash which is always important to have available. Please contact your local PGG Wrightson rep to discuss further.
The team at PGG Wrightson wish everyone well for the dairy season ahead and encourage you all to have a break prior to the busy spring period ahead on the farm.
National Dairy Sales Manager