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TAS Country : October 28th 2010
Friday, October 29, 2010 Tasmanian Country 19 The Stock Report Struggling to meat' demands DOING THE HARD YARDS: Eager buyers check out some of the offerings at Killafaddy this week. IT is amazing that whatever happens in the outside world, markets are still influenced by the old ''supply and demand'' rule. At Quoiba on Wednesday there was a real shortage of good-quality trade cattle and as a result prices for these cattle jumped to extreme levels, topping at 250c/kg, with a few making between 220c and 245c/kg liveweight. Market reporter Tim Last said some buyers didn't fill their orders and had to head to the paddock to secure suitable butcher cattle. The same story seems to be happening with the cow market, where the value of the Australian dollar in relation to the American dollar is not favourable. However, lack of supply is keeping the cow market at very good levels, with beef cows in Tasmania making 125c to 145c/kg and in Victoria more in the 135c to 150c/kg bracket. While on export cattle, bullock prices are showing easier tendencies, and at Pakenham this week most made 164c to 178c/kg, which was 2c to 5c/kg cheaper than last week and close to 20c/kg less than a month ago. At Quoiba there were 61 Jap-ox bullocks and most sold from 160c to 182c/kg, with the light bullocks making the most money per kilo. Lamb markets in Tasmania were again very strong during the week, with most being new- season lambs, and at Quoiba and Killafaddy prices were higher. At Quoiba on Monday heavy lambs made $128 to $140, trade $119 to $128 and light $109 to $118 a head. At Killafaddy heavy pens made $127 to $135, trade $109 to $116 and lighter $80 to $104, with most of these light lambs going back to the paddock. One of the big bonuses in the lamb market is the value of new-seasons skin, and overall this year skins have been good. Meat and Livestock Australia reports that prices throughout 2010 have been exceptionally strong, exceeding the five-year monthly averages by between 25 per cent and 77 per cent. Tighter supplies and firm international demand have been the main factors driving the dearer market, as slaughter levels remained low. Average lamb skin prices for October are averaging three times higher year-on-year, despite the Australian dollar tracking 9 per cent higher this month. Skin traders are reporting that the higher Australian dollar has negatively impacted on trading volumes in recent months. However, the restricted numbers have ensured prices remain historically strong. While new-season lamb turnoff has been increasing since late winter, numbers have been lower compared with previous years. This has resulted in some new- season skins making about $20 in Victoria and New South Wales. Locally most are being quoted at $17 to $18 each, with smaller ones obviously less. Mutton skins are also in short supply and this has pushed prices much higher than in recent years. While still on lambs, the market in Victoria this week was slightly cheaper as more numbers start to come to the market, with Bendigo yarding more than 30,000, Ballarat 18,200 and Hamilton still low at 1400. One can expect both Ballarat and Hamilton to get very busy over the next month. Most lambs are being quoted at 440c to 470c/kg dressed weight. Elders ends bank chapter ELDERS ended its 11 years in the banking business this week for $176 million. That's what founding partner Bendigo Bank, and Adelaide Bank, paid for the 40 per cent Elders retained of its original 50-50 venture with Bendigo Bank. But Rural Bank, which began business in 1999 as Elders Rural Bank, will continue to use Elders' 400-plus branches as its key distribution platform. Elders said the $176 million --- a sale price of $165 million, plus a dividend to recognise Elders' share of Rural Bank's distributable profits in the current year period from July 1 --- would go a long way in the company's restructure of its debt facilities. The Weekly Times WANTED TO BUY • 50 Angus cows & calves prefer Aug/Sep calves at foot • Lines of British Bred or Euro cows with calves at foot • Quantity of well bred m /s store cattle • New season British Bred store lambs Acc Spring Valley White Suffolk Stud Sale, Bracknell www.whitesuffolk.org.au/springvalley 2:30pm Thursday 25th November 2010 • 86 White Suffolk rams • 30 commercial prime lamb 1yr ewes An independent, professional approach to livestock marketing Mark Webb 0458 973 590 Reg Woodiwiss 0448 961 591 The new Leader Enviro tag is now available. * Fully Recyclable. * Great Retention. * No lump or damaged chip on application. * Australian made The more Australia use, the lower the price will be. Buy Australian and support an Australian company. Ask your agent about our FREE Jumbo Ring Expander and Prodder deals. Th L d E i t i il bl New Enviro Tag
October 21st 2010
November 4th 2010