Commercial and seedstock producers have gone on a spending spree in the past fortnight, outlaying $3.7million on more than 500 Hereford bulls to a top of $110000.
In a span of just 10 days, 551 polled and horned bulls have been sold from 623 offered for an 88 per cent clearance at on-property and multi-vendor sales across NSW, Victoria, South Australia and Western Australia.
The overall average for the sale period of February 18 to 26 was $6785 for a gross of $3.74million.
Top price was $110000 paid for a polled sire at one of Australia’s biggest whiteface sales, Injemira Beef Genetics, in southern NSW.
Injemira Anzac K220, an 18-month-old son of influential sire Allendale Anzac E114 (P), was secured in a bidding war with South Australia stud Minlacowie by Brian Burgess, Holbrook, for his Ravensdale Poll Hereford stud.
The bull was offered by vendor Marc Greening as lot three and set the sale ring abuzz.
The on-property sale, held at Book Book on February 23, resulted in a total clearance of 91 bulls for an average of $9632 up from $8217 last year and setting the benchmark for on-property sale averages in 2016.
The second top price over the 10-day period was $21000 achieved at Yavenvale Herefords and Poll Herefords, Adelong, NSW.
Yavenvale also offered the biggest number of bulls at 106 for a 100 per cent clearance.
The combined Days Whiteface and Allendale sales at Bordertown led the SA charge with 78 bulls sold from 78 offered to a top of $17000 and average of $8218.