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15 September 2020
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Market Commentary

Spring Cattle Sales

A number of cattle have come forward for sale in the last two weeks.

Although we are still a way off from a grass market, these cattle were met with decent demand and prices continued to rally. Most stock were of dairy origin. Top quality yearling dairy/beef cross steers were fetching up to $3/kg. Traditional bred 1yr steers were the most sought after. Prices ranged from $330 to $350 a kilo.

Prices for yearling heifers were holding steady a $2.80/kg for traditional bred stock and $2.60/kg for dairy-beef heifers.

Dairy-beef 2yr steers strengthened by 10c/kg to $2.80/kg. There is a strong demand for 2yr Friesian bulls with interested buyers trying to secure stock. The 1yr Friesian bulls continue to head to the North Island as well as local buyers for $2.85/kg.

 

Shane Gerken

South Island Livestock Manager

027 495 5206

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