Herald 20220802

Friday 26th August
2022 – 12 Noon
QUALITY, AFFORDABLE
ANGUS BULLS
Selling at Dalby Saleyards
50
“Breeding balanced cattle”
Tim Schmaling - 0438 668 229
HIGH COUNTRY
FARMING
Taking a long term view on cattle market drivers
While the presence
of both Foot and Mouth
Disease and Lumpy
Skin Disease in Indonesia
have heightened
concern in the Australian
livestock industry,
MLA Managing Director
Jason Strong said it
was important to consider
perspective and a
long-term view, when
examining drivers influencing
the cattle
market.
“Firstly, it is important
to note that Australia
does not have either
disease on its shores,”
Mr Strong said.
“However, clearly
there is a heightened
concern about the impact
a potential incursion
may have on our
industry and this speculative
angst is making
its way to the saleyards.
“If we put this aside,
there are a number of
other sophisticated and
tangible market forces
putting downward pressure
on market prices.
"These can be broken
down into two key categories:
on-farm and in
the processing sector,”
Mr Strong said.
On-farm drivers include
supply, mixed
quality of livestock
presented to market and
the fact that the market
is performing in typical
reporting on Toowoomba Cattle Sale
Sale Date: July 25, 2022 – 187 yarded
A drop in numbers this week after some parts of
the Downs received rain. Limited numbers of Export
cattle were on hand with majority of the yarding
again young cattle and feeder types. The usual
buyers were in attendance with restockers and
onlookers present. Young cattle did not maintain
the previous weeks rates as was the same with
the Export market with cattle selling to type and
condition.
reporting on Dalby Cattle Sale
Sale Date: July 27, 2022 – 2298 yarded
A drop in numbers after good falls around the western
areas. A full panel of buyers were in attendance with
added support from a couple of southern buyers. The
market remained similar to last week with export the
only exception with a few cents either side depending
on types on offer. Heavy feeder steers sold well.
Being only a light yarding, quality was very mixed.
A lot of the young cattle on offer held good condition.
Bullocks – 422.2ckg…. Feeder Steers – 550ckg….
Heavy Cows – 322.2ckg…. Weaner Steers – 588.2ckg
AUCTIONS PLUS – RURAL REAL ESTATE – CLEARING SALES
David O’Sullivan 0412 501 116
Paul O’Sullivan .... 0400 910 088
osullivanauctions@bigpond.com.au
winter fashion.
With a comparatively
wet and colder winter,
the mixed quality of
cattle supplied into the
system is also impacting
the price.
Meanwhile, in the
processing sector, softer
processor grid prices
are affecting livestock
markets as processors
face multiple challenges
including, continued
absenteeism rates due
to COVID-19 and influenza,
as well as reduced
processor capacity due
to labour shortages.
“As processors work
through these challenges,
there is reduced demand
between buyers
at the saleyards,” Mr
Strong said.
“It is also worth
noting that the price
reduction is off an
all-time price high of
1,191c/kg cwt earlier
this year, and although
prices have fallen, we
are still sitting 22 per
cent higher than the
five-year average,” Mr
Strong said.
These technical and
sometimes typical market
drivers for this time
of year are all significant
and are having an
impact on market performance.
There is not one driver
playing more of a
role than the other.
Rather, as a combination
of factors occurring
at the same time,
they’re all contributing
equally to this current
slide in prices.
While market prices
have fallen for now,
bringing these prices
into perspective by taking
a broader long-term
view on their performance
is critical, according
to Mr Strong.
“In the second half of
Climate damage costs
Australian farmers
Farmers for Climate
Action notes that Deloitte
has measured
the cost of the deadly,
climate-driven
Queensland floods at
$7.7 billion.
Farmers for Climate
Action CEO Dr Fiona
Davis said the cost of
climate damage continued
to mount in Australia
with the farmers
who grow our food being
hurt.
“Climate damage
costs money, hurts Australians
and Australian
farmers,” Dr Davis
said.
“Deloitte has found
some 500,000 Australians
were hurt by this
latest climate-driven
flood and it cost the
state $7.7 billion. More
than 2250 farmers sustained
clim-ate damage
in this flood. Their losses
total more than $250
million.
2021, cattle prices continually
reached record
levels.
"Comparing current
market performance to
year-ago levels does
not paint an accurate
picture of performance
after they have softened
from such high,” Mr
Strong said.
As of Wednesday,
July 27, 2022, current
cattle market prices
compared to the fiveyear
and 10-year averages
demonstrates the
“The farmers who
grow our food can’t
just keep taking repeat
climate damage every
year because they
eventually run out of
savings.
"We need deep emissions
reductions this
decade to protect farmers
and allow them to
continue to feed Australia
and the world.”
Dr Davis noted NAB
Chair Phil Chronican
has pointed out the
enormous opportunities
strong climate policy
can bring to Australia,
speaking of a green
lending boom.
Mr Chronican is
quoted as saying of a
shift to a low emissions
economy:
“If we get it right the
opportunities are immense.”
NAB CEO Ross
McEwen is also quoted
as saying: “There’s a
Mr Strong
Long term cricical
comparative strength of
the market.
Dr DAVIS
Strong climate policy
real opportunity here.”
Dr Davis said farmers
and regional Australia
wanted to seize
the opportunities strong
climate policy presents.
“Thousands of jobs
in constructing and operating
new sustainable
energy will be created
in regional Australia,”
Dr Davis said.
Farmers for Climate
Action represents 7000
farmers asking for
economy wide emissions
reduction.
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Easy to manage farming operation
● 603.89 Ha (1492 Acres) approx, 3 Freehold lots, 20km Millmerran, 60km Pittsworth
● Mainly level Brigalow / Belah / Box country, all cultivation (except 8 Ha) includes 300 Ha of winter crop
● Machinery shed 18m x 9m, steel frame, accommodation block, 2 x 93 tonne Ahrens silos, 3 x 75 tonne
Sherwell silos, 51 tonne Ahrens fertiliser silo
● Remarks: ‘Binowee’ low maintenance, ease of management farming operation, consistently producing
excellent sorghum / winter crop yields
Expressions Of Interest closing 11 August 2022 (if not sold prior)
Matt Cleary
0428 987 340
James Croft
0429 318 646
www.raywhitepittsworth.com
Ray White Rural Pittsworth
10 - HIGH COUNTRY HERALD - AUGUST 2, 2022 To advertise phone 4615 4416 or email herald@highcountrynews.net.au