Thursday, April 25, 2024

Stern competition sets bull price records

Avatar photo
Angus takes top spot in two-year-old bull sales with room to spare.
Spirited bidding by several Angus studs pushed the value of Stern 21521 to $98,000 this week, when Oregon Angus triumphed.
Reading Time: 2 minutes

Stern Angus at Pleasant Point, South Canterbury, rocketed to the top position in this year’s two-year-old beef bull sales with a $98,000 and a $85,000 among 90 bulls sold.

Top price was Stern 21521, by Taimate Lazarus, paid by Oregon Angus, Wairarapa. Second top was Stern 21602 by Black Rock of Stern, purchased by Black Ridge Angus, Taumarunui.

Stern principal James Fraser said there was spirited bidding on both lots 4 and 37 up until midway, followed by duels to the end results.

Both prices set records for Stern, eclipsing the $64,000 made three years back.

Ninety bulls were sold out of 99 offered and the gross achieved broke $1 million for the third time.

The average price paid was $11,297, very close to last year’s average.

Fraser said it was an amazing day with strong commercial support from across the country.

“Commercial bulls averaged $9,300 and 33 bulls sold from $4,500 to $8,000 providing great value for money opportunities across the catalogue.”

Meanwhile, East Coast Angus bull sales have been postponed a week because of bad weather, flooding and road closures.

PGG Wrightson’s national genetics manager and auctioneer, Callum Stewart, said the postponement was unfortunate but the right thing to do in the circumstances.

Vendor Penny Hoogerbrug, of Kaharau Angus, said all paddocks were extremely wet and it was difficult keeping bulls well fed and ready for auction.

The Story family’s Ratanui Angus sale, inland from Wairoa, originally scheduled for June 23, will now be held on June 30.

Monday, July 3 will feature Orere Angus at 9am, Tangihau Angus at noon, and Kaharau at 4pm in the Gisborne district.

Tuesday, July 4 will be Whangara Angus at noon and Turihaua Angus at 3.30pm, and Wednesday, July 5 will be Kenhardt Angus, Nuhaka, at 10.30am followed by Turiroa Angus, Wairoa, at 2pm.

People are also reading