PRICES paid for trade beef cattle hit an Australian record at the Leongatha VLE Saleyards today, Wednesday, July 20 when South Australian premium beef processor, Thomas Foods International of Murray Bridge, paid 379.6¢ per kg liveweight for a pen of ‘superbly finished’ Angus steers.
Sold on account of Courtney Ferguson and family of Longford near Sale, by the team from Rodwells in Leongatha, including auctioneer Damien Minogue, the price represented a big leap forward from the top of 373¢ the previous week.
There were 12 head in the pen, averaging 555.8kg.
Mr Minogue said the client was delighted with the result and the Rodwells’ team chuffed to have helped the producer achieve it.
“They were very pleased, of course,” he said after phoning the client with the good news this afternoon.
“But anyone who had cattle in the market today would have been pleased.
“We had another pen of 11 that made an average of 368¢ per kg or $2694 per head and on average, for the 117 bullocks we sold for all our clients today, we averaged 363¢ or an average of $2274 per head and that’s across all of the stock we put up today which would be our best result.”