2023 kicked off where 2022 ended for the online goat market, with AuctionsPlus commercial goat listings for January falling to 1,557 head – down 76% on December 2022.
The continued reduction in listings online is largely associated to the pull back in demand, as the tough price outlook continues.
Post auction negotiations continue to dominate commercial goat sales, as sellers and buyers utilise the 48 hours after a sale to reach a common price point. Of the goats sold online during January, 38% were purchased at auction – up from just 8% in December. Post-sale negotiations accounted for 60% of this month's sales, while the “meet reserve” feature accounted for 2%.
Figure 1: Method of purchasing for January goat listings.
Queensland continues to dominate goat listings online, accounting for 81% of the goats offered across January – back from 93% of the offering in December. NSW accounted for the remaining 19%. Queensland’s top listing towns included Morven, Begonia and Condamine, while West Wyalong was the top listing town from NSW for January. Queensland also dominated purchases for the month, with all lots sold online headed to Queensland buyers, with Southern Queensland securing the largest offering. Top purchasing towns included Roma, Cunnamulla and Glenmorgan.
Does made up 76% of the total offering for January, with Boer/Kalahari does the largest category. Clearance rates reached 56% for the category, with prices averaging $60/head. From Morven, Queensland, a line of 75 Red Boer/Kalari cross does aged three-to-six-months, weighing 19kg lwt, returned $80/head, or 412c/kg.
Boer does saw a total of 313 head offered for the month, reaching a 91% clearance rate - while prices averaged $69/head. From Surat, Queensland, a line of 15 Boer does aged two-to-six-years, weighing 53kg lwt, returned $100 or $189c/kg lwt.
Bucks were in short supply for the month, with a total of 370 head offered. Boer bucks registered the largest offering with 336 head. The offering sold to a 77% clearance, averaging $40/head. From Begonia, Queensland, a line of 258 Boer/Boer cross bucks aged five-to-seven-months, weighing 21kg lwt, returned $40/head or 191c/kg lwt.
Table 1: Goat price summary, January 2023.
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