CVLX Miners Rest hosts powerful first-up sale

The new CVLX with its soft floor attracts more feeder buyers


Markets
Selling commenced at the new-opened CVLX Miners Rest saleyards with a penning of some 3000 store cattle

Selling commenced at the new-opened CVLX Miners Rest saleyards with a penning of some 3000 store cattle

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Prices kick $150 a head in first CVLX Miners Rest market

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The Central Victorian Livestock Exchange has hosted a powerful and most impressive first-up store cattle market at its new home at Miners Rest on the outskirts of Ballarat.

Built at a reported cost of $30 million, an outstanding display of spring-polished cattle met with broader inquiry fueled by a larger gathering of eager feedlot buyers competing against a hungry following of Western District and South Gippsland backgrounders and finishers.

The market of some 3000 head saw values rose by at least $100 and up to $150 a head compared to the previous monthly store sale conducted at the now-retired saleyards located within Ballarat city’s limits.

An excellent quality yard of steers was sold mostly in price range from 285 to 320 cents a kilogram, with odd sales higher.

Heavy steers, weighed from 550 to 614kg, made from $1680 to a top of $1900 a head while feeder weights, 450-540kg, made $1340 to $1610/head.

Lighter feeders, 360 to 450kg, made $1060 to $1380 while steers, 280 to 360kg, made $940 to $1130/head.

The demand for unjoined heifers was also considerably stronger. Here, prices averaged 268c/kg lwt across a well finished display that carried sufficient cover and finish to attract processing as well as feedlot buying.

Heavy heifers, 360-480kg made $1030 to $1270 while lighter heifers, 280-360kg, made $760 to $960/head.

Following the opening speeches, which saw local state member for Buninyong, Geoff Howard, officially open the facility, two charity steers were offered and sold for $7600 and $7500 a head respectively.

These were generously offered by local farming families, the McKay family’s Marschay Shorthorn stud at Newlyn and John and Claire Fraser’s, Fraser Partners from Bo Peep.

The story CVLX Miners Rest hosts powerful first-up sale first appeared on Stock & Land.

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