Monto agent says cattle prices are still solid
A YEAR on since cattle prices began to influx and they are still high.
Though they have decreased from their peak, Monto Cattle and Country agent Brad McInally said the Monto cattle sale on May 26 gave nothing for sellers to complain about.
"There has been a slight dip just based on meatworks dropping their rates, but is still very good and solid," he said.
"It was our first EU accredited cattle sale, and we had 120 EU cattle there.
"Some sellers were there for the EU cattle, some for the normal cattle."
The sale average was 248c/kg for 912 head.
This time last year, it was 206c/kg.
But two years ago, the price was sitting at154c/kg.
A trip Mr McInally took recently showed him that the condition of land around Monto is also in peak state for raising cattle.
"The season is starting to get dry, but I drove from Biloela to Rocky, and Monto is looking to be the best area for feed around," he said.
"There really is no pattern of when prices peak and fall.
"It varies seasonally on what feedlots want to refill and dictated by what producers are getting."
The peak price for cattle throughout the last year has been at about 330c/kg.