Andrew Peadon, Trangie reports on an outstanding property auction on account of Malcolm and Maggie Gordon.
The property in question was ‘Hollydale’ which had been in the Gordon family for 57 years. The property comprised of 2560 acres of very attractive Trangie farming and grazing country. The agents involved conducted 22 inspections and had at the auction 8 registered bidders.
A huge crowd was in attendance as auctioneer Angus Barlow commenced the auction with an opening bid from the floor of $2.4million.
The sale was finalised under the hammer when a near neighbour secured ‘Hollydale’ with a bid of $3,250,000.00 or $1270 per acre. Selling agents were Barlow and Peadon, Schute and Bell Dubbo and Schute Bell Badgery Lumby, Sydney.
No doubt a result that exceeded the expectation of all concerned and I would imagine should lead to a flurry of property activities in the area.
Dubbo agents with 4200 head drawn for the Prime Cattle Sale on Thursday, August 10 will for the first time sell in the new complex.
Aus-Meat are giving some consideration apparently to changing the language used to define when a lamb becomes a hogget. Currently a lamb is a female, castrated or entire male up to 12 months of age with no erupted permanent incisor teeth.
The New Zealand model with which we would align if this new definition is approved states all of the above except the lambs do not have any permanent incisor teeth in wear.
Holmes Sackett were commissioned to do a report and this will now go to the next sheep-meat Council of Australia (SCA) board meeting.
The word erupted would be removed from the terminology and a lamb would become a hogget as soon as the first teeth that is cut meets the pad. This should give producers an extra week or three to sell lambs that are close to cutting their teeth if the SCA approves the idea.
Roger Fletcher of Fletcher International in a recent statement fully supported the move as a means to compete successfully with New Zealand and just as importantly to help secure a better product for the consumers.
The grid price for all lines of export cattle along with the physical market continues to trend downwards. Analyst have been delving into the price lines and some stats are worth re-iterating when last looked at grass fed 4 tooth Export Ox were 480 - 500c/kg.
This is now some 40c/kg less than the going price mid-June. Putting that into context an average carcase of 350kg dressed weight will still return a grower a gross price of $1750.
Those with better memories than the writer will probably remember that back in 2014 the quoted grid price on the above body was 280c/kg or something in the range of $1000 per head.
Some exporters have stopped quoting on grass-fed Bullocks. Some exporters have already dropped a day or are seriously considering this option.
Many companies have grain fed cattle hooked as far out as December.
Feedlot quotes are being hampered by an oversupply of suitable cattle due to the dry weather, strengthening grain prices and the Aussie Dollar hovering around the 80c mark.