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Confidence beefs up as market mood gets a lift

BIDS ARE ON: Farrell McCrohon Stock and Station Agent’s David Farrell. PHOTO: JOJO NEWBY
BIDS ARE ON: Farrell McCrohon Stock and Station Agent’s David Farrell. PHOTO: JOJO NEWBY

THE store cattle market may be on its way up.

Farrell McCrohon Stock and Station Agents principal David Farrell said things were looking more promising, following a stronger store sale this week.

"There was 500 less cattle through than last store sale, which made a difference as far as money goes," he said.

The mood around the saleyards was more positive than previous weeks, with news of rain spreading across NSW and QLD, bringing some relief to farmers and stock suffering from the drought.

"Scattered rains in the north-west have improved the confidence in the market, that's for sure," Mr Farrell said.

Mr Farrell said the store sale prices were greatly influenced by supply and demand.

"Heavy steers and grower steers sold a hell of a lot better than they did last store sale," he said.

"There was a bit more buyer activity which was good to see."

Topics:  beef cattle grafton market rain