The cattle industry is experiencing a major turnaround after becoming almost unviable last winter.
The cattle industry is experiencing a major turnaround after becoming almost unviable last winter. Ren Lanzon

Clarence Valley cattle prices break records

ONLY 12 months ago the Clarence Valley cattle industry was staring down the barrel at the worst winter sales in recent years.

But now, it could not be better with record breaking sales, including angus weaner steers selling at more than $3.50/kg last week.

Farrell McCrohon Stock and Station Agents principal David Farrell said there was a good feeling among cattle breeders and stockists.

"The cattle market in the Clarence Valley is looking about as good as I have ever seen it looking," Mr Farrell said.

"It is fantastic news for everyone involved."

After what was a dismal winter season last year many in the industry were fearful of what the colder months would bring in 2015.

But Mr Farrell believes it has been a massive turnaround, something he has never seen before.

"This time last year we were at the other end of the spectrum in terms of cattle sales," he said. "In June, July and August the cattle market was really struggling. I think it came to a point where it stopped being a feasible market in the Clarence Valley.

"But there has been a complete turnaround in only a year. I have never seen anything like it."

With the market driving a good price and many breeders yielding good return on their stock, Mr Farrell said there was a lot of positivity flowing around the saleyards.

"Everyone seems to be happy at the moment, there is no doubt about it," he said. "The breeders are grinning from ear to ear."

Despite the positivity spreading through the cattle farmers, Mr Farrell remembers the hardship faced by breeders only a year ago.

"The cattle industry is quite a volatile market and that is what people need to be well aware of," he said.

"All of the market predictions are that we will see continued growth but that is not a definite thing and the extreme shift in the previous year proves just that."


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