Angus bull sale averages on the rise
December 30, 2010
Recent Angus bull sales continue to demonstrate tremendous demand for registered Angus genetics.
“We are hearing very positive sales reports from throughout the U.S.,” said Bryce Schumann, American Angus Association CEO. “From California to Georgia, we’re receiving reports of excellent bull sale numbers in addition to a healthy female market.”
In fact, nationwide year-to-date figures show bulls are bringing an average $3,258 per head – that’s an additional $467 per head than this time last year.
“This is in addition to our recent 2010 fiscal year-end numbers showing a five-percent increase in bull sale averages over 2009,” Schumann says. “It’s another reflection of the demand for superior Angus genetics.”
That demand has been unmistakable in Montana, said Andy Rest, Association regional manager. In just seven days – from Nov. 27 through Dec. 3 – a total 1,971 bulls were sold in seven sales to gross more than $7.1 million for an average of $3,626.
“These sales results are a tribute to quality breeding programs and the strong demand for Angus genetics,” Rest said. “The number of sales and the high-quality animals to be found during the week made it very economical for both commercial and purebred cattlemen to come see some of the best Montana genetics available.”
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The state’s positive sales figures aren’t isolated.
Regional Manager David Gazda reports sales in the Southeast have been exceptionally strong compared to recent years. Cattlemen there are enjoying a healthy market for two-year-old bulls and steady demand for yearlings.
“Commercial cattlemen here and throughout the country are finding that black-hided, Angus-sired calves at market – regardless of the market they sell in – still demand the strongest prices,” Gazda said.
Stronger demand has been spurred by a recovering U.S. economy, a low cattle inventory and analysis forecasting a strong cattle market in the next 3-5 years, Gazda added. Talk of increasing export markets has also bolstered Angus demand.
“We’ve seen really strong prices here in the Southeast for registered Angus bulls this past fall, and there’s a good reason for that,” Gazda said. “These calves sired by registered Angus bulls bring premiums to the commercial producer day in and day out.”