Cattle market decline
LODDON cattle producers will have reduced options to sell stock from next week.
The weekly Bendigo market has been cut to a fortnightly offering as numbers remain low.
Last week’s sale had just 18 cattle which Bendigo Associated Stock Agents president Richard Leitch said was well down on the highest offering in the last year of 120.
“When I came back to the area 15 years ago, we were offering 800 to 1000 head,” he said.
Declining cattle numbers at Bendigo in recent years has seen the traditional Tuesday market combined with Monday’s sheep sale.
“Over the last 15 years a lot of people have got out of cattle,” Mr Leitch said.,
And he said the decline in numbers in recent months had been driven by the feedlot industry.
Mr Leitch also said that as a result, higher prices were being achieved at other selling centres.
The monthly Ballarat floor sale is offering between 3000 and 5000 head. Buyers were also favouring Echuca and Shepparton for heavier cattle where numbers are averaging 1000.
The fortnightly Bendigo market will be trialled for six months.