KMWL Forbes Livestock Agency Agent Paul Breen says cattle prices have trended upwards over the last month, and predicts this trend will continue for at least the next month as well. Sheep prices showed fluctuation, however cattle prices have continually risen, with this week’s sales on Monday and Tuesday producing an average price of $3.92 per kilo for feeder cattle, and between $3.40 and $3.65 per kilo for prime cattle.
Recent heavy rainfall across the Central West has been great for cattle, with lush, green grass keeping all livestock healthy. Mr Breen said there were lots of positives in the cattle market at the moment. “On Monday and Tuesday we had a strong buyer bench, with buyers coming from northern and southern NSW to be in Forbes at the sale yards,” he said. “We will likely see the price per kilo trend upwards over the next few weeks, and I think at worst prices will remain the same as this week.”
KMWL also held sheep sales on the same days this week, with prices fluctuating, however Mr Breen said this was to be expected, and this trend would likely continue for now. This week season lambs sold for around $164 each, while mutton lambs sold for between $118 and $125.
Merino sheep sales were down on price, due to the rise in lamb prices, with Merinos selling for $155- $15 down.