Saturday, March 30, 2024

Bull sale interest high

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It’s been a successful bull sale season with last week’s Gisborne and Wairoa sale signaling the end of a busy couple of months. Sellers across the country reported good clearances and strong prices, reflecting the quality of the bulls available and good growing conditions.
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Two $1 million sales attracted attention in the South Island earlier in the month.

Te Mania Angus got $1,496,000 while Kakahu Angus took $1,049,678.

PGG Wrightson national genetics manager Callum Stewart, who was at the Te Mania sale, was impressed with the consistency throughout the catalogue.

All but one of the 132 bulls it had available sold, at an average of $10,996 with the highest price paid $56,000 by Stern Angus.

The Wilding family who own Te Mania then showed their charitable side by donating the proceeds from lot 16, $16,500, to the Will to Live charity.

They chose Lot 16 to show the significance of New Zealand’s rural suicide statistics, with a rate of 16 people per 100,000 from rural areas taking their lives every year compared to 11 per 100,000 living in cities.

At Kakahu 98 of 99 Angus bulls sold with a top price of $30,000 paid by Mount Peel Station and an average of $10,700. There were also 17 Charolais bulls available with 15 sold at an average of $5013 and a top price of $7500.

Not quite reaching the million-dollar mark but going close was Taimate Angus. Taimate sold all 65 bulls available with a top price of $85,000 paid by Turihaua Angus.

The sale grossed about $900,000 with an average of $13,892. 

Another to gross about the same amount was Stern Angus, which sold 95 of 101 bulls at an average of $9463 with a top price of $28,000.

There were also some significant prices achieved at Hereford sales.

Otapawa Poll Herefords, in partnership with Hukaroa Herefords, paid $60,000 for a bull from Okawa Herefords’ 40th annual sale at Mt Somers. 

Okawa sold 50 of 53 bulls on offer at an average of $10,154. 

It then paid the top price of $57,000 at Matariki Herefords’ sale, where 61 of 62 bulls sold at an average of $10,309.

Koanui Polled Herefords, the largest registered polled Hereford stud in NZ, sold 62 of 63 bulls on offer at its sale at an average of $10,088. The top price there was $21,000 by Merrylea Herefords.

The strong prices continued at last week’s sales.

Tangihau Angus celebrated its 70th year with its first on-farm sale, where it sold all 23 bulls available at an average of $20,913. The top price was $86,000 by Rangitira Angus while the quality of what was available was reflected by Black Ridge Angus Stud and Oregon Angus and Romneys buying bulls for $62,000 and $42,000 respectively.

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