June 20, 2022

 

Cattle producers in Casino, Australia surpass US$140 million in annual sales

 


The Northern Rivers Livestock Exchange in Casino, New South Wales, Australia has surpassed AUD 200 million (~US$140 million; AUD 1 = US$0.70) in annual sales for the first time in its history, thanks to high cattle prices, the Australian Broadcasting Corporation reported.

 

It's an AUD 57 million (~US$39.7 million) increase over the AUD 143 million (~US$99.8 million) record set for 2020-2021, and nearly double the cattle sales for 2019-20 season.

 

Richmond Valley Council, which owns and operates the facility, expects the final figure to be between AUD 210 million (~US$146 million) and AUD 215 million (~US$150 million) with five sales left in the year.

 

Bradley Willis, operations manager for the Northern Rivers Livestock Exchange, said this was an extraordinary result for the region, which was hit by catastrophic floods nearly four months ago.

 

He said this was a significant economic result for the Richmond Valley agriculture sector and Richmond Valley in general

 

Cattle numbers have increased in the yards over the last month as flood-affected producers have made the difficult decision to sell due to a lack of pasture.

 

With record prices, Willis said it had been a remarkable year for both vendors and agents.

 

While the year's sales record was set on March 25, the Casino facility may fall short of the 131,926 cattle throughput record.


Willis said they reached 116,400 head for the year, up 30% from the previous financial year, and their numbers have consistently increased over the last five years since council re-invested in the facility.

 

Casino is the third biggest cattle producer in New South Wales, Australia, behind Wagga Wagga and Dubbo.

 

-      Australian Broadcasting Corporation

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