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
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
This week PGG Wrightson's South Island wool procurement manager Rob Cochrane joins The Country's Jamie Mackay to look at the wool market this month.
The 2019/20 wool season wrapped up yesterday with 17 thousand bales on offer across both islands, and there are a lot of growers still resisting and holding onto wool.
Mid-micron and crossbreed growers may be concerned that they were losing as much as 50 per cent compared to last year, Cochrane said.
Mackay said that from a historical perspective, the wool market had never seen a slump like this.
Cochrane agreed, reflecting back on 1969 when wool prices were around 23 cents per pound.
It was criminal that prices continued to fall, Mackay said, with Covid-19 still affecting the market in terms of boarder restrictions, imports, and offshore processing.
Cochrane added perspective by saying the price of wool had gradually been going down over the past few years, and people don't necessarily have the money to buy wool.
Mackay noted that until there were alternate sustainable long-term uses for crossbreed wool, the industry was "buggered".
Cochrane agreed, but stressed that traditional uses of wool, such as carpet and internal furnishings would still help the industry in the long run.