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TAS Country : April 7th 2011
Friday, April 8, 2011 Tasmanian Country 17 The Stock ReportAutumn prices put spring in the step market TALK Richard Bailey I wonder when it all gets back to normal whether there will be an over supply in the northern markets or the good export markets will be able to absorb any increase.' IT is amazing how quickly things in the livestock industry change. Alth- ough beef prices have been improv- ing for a couple of months, it is only over the past couple of weeks that we have seen all prices rise with export values showing good improvement. At Killafaddy on Tuesday heavy beef cows (and it didn't matter how fat) sold from 150c to 165c/kg, with 47 cows averaging 159c/kg liveweight or $956/head. Cows topped at $1328/head with several over $1,000. The 46 bullocks also sold to strong competition with both local exporters active. Heavy bullocks weighing between 600kg and 750 kg sold for 195c to 207c/kg and averaged 203c/kg and very heavy bullocks over 750 kg made 186c/kg and topped at $1479/head. This is all happening while the $A is at record levels against the $US and these prices have definitely put a spring in the step of cattle producers following on from outstanding wean- er sales. Trade cattle prices are also faring well with best vealers making 215c to 235c/kg (a top of 241c/kg at Quoiba this week) and at Killafaddy on Tuesday most yearling heifers sold from 195c to 213c/kg (av. 204.7c/kg) with most trade cattle working out between 390c and 400c/kg carcase weight in the saleyards and of course there are killing and transport costs on top of that. I have never been good at predict- ing beef prices, and so won't try here, but there would appear to be a worldwide shortage of beef with the South American countries not ex- porting the volumes of previous years, which gives our exporters a bit more scope. I understand there are still parts of Queensland and central NSW under flood and this will be affecting the supply of cattle in these markets. I wonder when it all gets back to normal whether there will be an over supply in the northern markets or on a positive note the good export markets will be able to absorb any increase. The Eastern States Young Cattle indicator sits around 425c/kg and the National Australia Bank is predict- ing a further 5% rise this year. According to their report, falling herd numbers and continued de- mand for exports will underpin this. Although the $A is now at record post-float levels and is being tipped to possibly increase, the decline in global beef supplies, combined with robust international demand is ex- pected to offset the pressure on the export market. The other big plus is when exports are good it means there is less box beef coming back on to the domestic market and so more pressure on local trade cattle supplies. Local wholesalers are said to be struggling to buy box beef from the exporters and so buy extra cattle to fill their orders. Heavy lambs in demand THERE was a lighter pen- ning of 694 lambs at Quoi- ba on Monday, with prices slightly firmer on last week's rates. A good line-up of heavy types sold to a top of $179. Medium lambs made $150-$164, and light lambs $130-$145. The 96 mutton yarded sold to strong mainland demand, with a top of $116. Most better lines made $104-$110, heavy mutton $104-$116, and light $44-$75. A yarding of 387 store lambs matched recent strong restocker demand, keeping prices at very high rates. Best pens made to $134 and smaller lines made $57-$70. A penning of 44 porkers was offered, with quality types selling to $230. Store pigs sold from $80-$85. An offering of 36 bobby calves was yarded, with beef cross making to $175 and processing types $30. Lambs: GC Whatley $179, NF & JA Howe $175, GB Elmer $ 174, Woodburn Pastoral $173, JT Hawley $170, PA & RM Loane $170. Mutton: CN How $116, H Bean $111, ML & RD Graham $111, M Cunningham $109, Paul J Harvey $108, Ross Fair- bairn $104. Roberts Limited Unsecured Deposit Notes Interest Rates ABN 12 009 475 647 Roberts Limited is pleased to advise the current rates available on unsecured deposit notes. If you are interested in investing funds with Roberts Ltd please contact our Hobart, Launceston, Burnie or Smithton offices or visit our website www.robertsltd.com.au At Call * 4.75% The above rates are subject to change without notice. Roberts Limited may accept applications for the issue of unsecured deposit notes under its Prospectus dated 5th March 2010 which expires on 5th April 2011. An unsecured deposit note of Roberts Limited is not a bank deposit. All investments involve risk and investors risk losing some or all of their principal investment. Roberts Limited s unsecured deposit notes do not have a credit rating by a recognised credit agency. This means no independent assessment has been made about the risk of loss to investors. * The minimum initial subscription is $500 for At Call unsecured deposit notes or $2,000 for Fixed Term unsecured deposit notes. No application for the issue of unsecured deposit notes will be accepted unless it is on the form included in the Prospectus. Fixed Term * $2,000 to $25,000 to $500,000 + $24,999 $499,999 3 Months 5.55% p.a. 6.10% p.a. 6.10% p.a. 4 Months 5.75% p.a. 6.10% p.a. 6.10% p.a. 6 Months 6.50% p.a. 6.60% p.a. 6.75% p.a. 8 Months 6.55% p.a. 6.75% p.a. 7.00% p.a. 12 Months 6.85% p.a. 6.95% p.a. 7.15% p.a. 24 Months 6.75% p.a. 7.15% p.a. 7.15% p.a. 36 Months 6.50% p.a. 7.00% p.a. 7.00% p.a. 48 Months 6.55% p.a. 6.80% p.a. 6.80% p.a. 60 Months 6.60% p.a. 6.85% p.a. 6.85% p.a. 2073052-110408 2000200-110401 Bull and Female Helmsman Sale April 2011 Sunday 10th 10am to 4pm Monday 11th 10am to 2pm Tuesday 12th 8:30am to 9:30am Excellent Structure And Temperament EBV s Availiable / Low Birth Weight 15 HBR Bulls/31 Females Max: 0428 973 348 Derryn: 0438 348 045 260 Liffey Rd, Bishopsbourne Roberts Tim: 0418 323 425 www.vision.net.au/~jmbadcock ALL PRICES GST EXCL FOR SALE 35 rising 2.5yr Angus heifers, (ex Western Districts bred old Murroa, Hamilton) PTIC 10 June on for 10 weeks to Chale and Cluden Newry bulls. Well grown, high condition, $1,500. An independent, professional approach to livestock marketing Mark Webb 0458 973 590 Reg Woodiwiss 0448 961 591 2015151-110408 PANSHANGER ESTATE Scopus, Smithton 132 Annual Angus Production Cow Sale 132 EU Accredited, BCTAS 1 Johnes Tested & Lawsons Angus Bloodlines Vendor Comments: We are offering an excellent group of 3 & 5 year Cows. Proven breeders exclusively bred to Lawsons Angus sire mate program -- George Mills, Panshanger Estate Vendor -- George Mills (03) 6397 6500 Auctions Plus Assessments: 07 Drop Pink Tag 18 Cows 688kgs Ave 07 Drop Pink Sliced Tag 18 Cows 647kgs Ave 07 Drop White Tag 18 Cows 632kgs Ave 07 Drop Yellow Tag 18 Cows 645kgs Ave 05 Drop Orange Tag 18 Cows 630kgs Ave 05 Drop Blue Tag 19 Cows 662kgs Ave 05&07DropRedTag14Cows 619kgs Ave (Slaughter Only) 05 & 07 Drop Red Sliced Tag 9 Cows 503kgs Ave (Slaughter Only) Agent Comments: The Cows are in excellent condition as described in the assessments. The total calves were weaned at 7 months. The total m/s calf drop at weaning averaged 270kgs -- Ian Richards, Richards Livestock To be offered On Friday 15th April 2011, 9am EST Inspection Invited Assessment catalogue & pictorial viewing of herd www.auctionsplus.com.au Freight Costs: Ex Tas to 100km radius Melbourne $85 per head + GST, Subject to loads Enquiries: Ian Richards 0458 130 596 Nick Towns 0419 373 602
March 31st 2011
April 14th 2011