Opportunity knocks

Feedlots doing well in a year of mixed weather for cattle producers

RIGHT PRICE: Chris Gibson has been busy at his Taminick feedlot after buying in more cattle over the last few months when prices for operations like his were more reasonable. PHOTO: Luke Plummer

FEEDLOTS across the country have had a busy winter after buying in extra stock when rain dried up earlier in the year.

Wangaratta was coming out of one of its driest half years on record around autumn and a shortage of pasture and hay forced most producers to sell off stock.

Farmers were able to cash in stock for a reasonable price, while opportunity knocked for feedlots, which in return picked up the slack.

Taminick feedlot operator Chris Gibson runs 1000 head of predominately Angus heifer cattle and sells mainly direct to Coles Supermarkets.

He said at the time producers were offloading cattle they were about 10 cent/kg cheaper and it all came down to feed grain versus cattle prices.

Over the last few months prices have come back about 15 cents for light weight calves.

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