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Cattle price predictions for Rocky

HIGH ACHIEVERS: Landmark Toowoomba auctioneers (from left) Craig Deacon, Simon Booth and Landmark Dalby's Andrew Costello with a pen of steers at the Toowoomba saleyards that sold for $9/kg on Monday.
HIGH ACHIEVERS: Landmark Toowoomba auctioneers (from left) Craig Deacon, Simon Booth and Landmark Dalby's Andrew Costello with a pen of steers at the Toowoomba saleyards that sold for $9/kg on Monday. Contributed

INCREASED demand for show steers has caused prices at the Toowoomba saleyards to reach heights not seen before, but the Rockhampton prices will likely remain steady.

Earlier this month, a pen of steers sold for $9/kg, which smashed the previous record of $7.10/kg established in March.

However, for the CQXL Gracemere saleyards, prices are expected to hold steady at about the $4/kg mark.

Stock agent for TopX Brad Mulvihill said the best price he recalled off the top of his head was $4.54/kg at the Gracemere saleyards, which was a wonderful price for cattle.

"I can't see too much change at the moment for the Gracemere saleyards.

”We were getting sort of 3000 to 4000 head through the saleyards but now we're back to 2200 head.

"The demand is really strong... the demand is too high for the supply,” he said.

For the meantime, Brad said things were looking pretty rosy for the Gracemere sales and prices should do all right through until early next year.

Topics:  cattle prices cattle sales gracemere saleyards


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