South African feedlot buyers push Grootfontein weaner prices sky-high
With ten buyers from South African feedlots chasing more than 2000 weaners at the auction on Wedneday in Grootfontein, prices set new records.
Agra Auctioneering Services announced a day later, on Thursday 20 July that red meat producers were ecstatic with the seaon’s first auction. Some 2155 weaners were sold at an average of N$6684 per animal, amassing an incredible N$14.4 million in total auction turnover. This is a new record for a weaner auction.
The average price for Tollies was N$33.33/kg with the highest price of N$35.12/kg. Heifers recorded an average price of N$31.12/kg with the highest price of N$34.21/kg.
Titus Koen, Agra’s General Manager for auctions commended the quality of the calves delivered to both the Grootfontein and Outjo auctions. “The animals are of the highest quality and we congratulate the farmers on their eminent products’, he said.
Regarding Agra’s Weaner Auction competition, Koen, advised producers to contact Agra Auctioneering Services to participate in the competition and take full advantage of the very good weaner prices.
Agra said 2017 is the 6th year that it is hosting the National Weaner Competition. The main sponsors are Bank Windhoek, Sanlam, Santam and Feedmaster. The co-sponsors are Marsh Namibia, Indongo Toyota, Henco Engineering, Bayer, MSD , Agribank and Powerbat Namibia.
Total sponsorship value comes to N$400,000.
To entice more producers, Agra is offering N$10 (ten) voucher for every weaner sold. This must be redeemed at any Agra branch, one voucher for every 50kg of Feedmaster feed or lick.