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Michael McManus

Michael McManus

Michael McManus is an Analyst with AuctionsPlus. Working under Tim McRae, Michael joined the AMI team in June 2019 and currently manages the operation of the AMI team. Michael grew up on a sheep and cattle station west of Bourke, NSW. He joined AuctionsPlus in September 2018 as a Commercial Market Operator.

LATEST

Cattle

Plenty of heat expected for 15,000 head offering

The number of cattle to be offered through the three commercial cattle sales for AuctionsPlus on Friday 22nd October is up 15% on the previous week, at 15,645 head. After a somewhat drier week throughout most of the key cattle regions of eastern Australia, demand is expected to again be very high across all categories, with the continuation of record results through many physical markets this week.

Cattle

Waiting, Watching & Wet

It is a second consecutive week of lower cattle offerings through AuctionsPlus, with a total of 13,514 head listed across the three commercial cattle sales – down 29% on the same week last year. As has been the case for much of 2021, weather remains the main influence, with further falls through key cattle regions of NSW and southern Queensland during the first two weeks of October enabling many producers to wait, plan and watch the market.

Working Dogs

First of its kind… Capree Stud’s Innovative Auction Offering

Interfaced ram sales have been a steady staple on AuctionsPlus for many years, whilst more recently interfaced working dog sales have experienced significant growth, all forms of auctions are now embracing online connectivity. A unique sale offering today has innovated the industry further, combining Poll Merino rams and working dogs in the same auction – believed to be the first of its kind on AuctionsPlus.

Market Insights

2021 Dorper listings surge to record highs with three months remaining

Since the inaugural article for the ADWDA newsletter in June, Dorper and White Dorper listings have remained extremely robust on AuctionsPlus, as the shedding breed market continues to move from strength to strength. Listings for June-21 to September-21 have increased 65% on the same period last year, totaling 101,509 head. This increase is largely underpinned by significant numbers listed throughout August, as an influx of new season lambs saw just over 40,000 head listed - 286% higher than August 2020.

Cattle

Fuel to the fire – lowest cattle offering in three months

With the Australian cattle market at full stride, the lowest online commercial cattle offering in the past three months is expected to add fuel to the price inferno, with only 12,951 head catalogued across the two sales. With the 20% reduction in supplies for this week driven primarily by the recent widespread rain across key regions, with the addition of a short week in some states, the competition for the condensed offerings is expected to spark “boxing-day sale level aggression” for the best lines.

Cattle

Scrutiny on PTIC heifers this week

Commercial cattle supplies for AuctionsPlus three largest cattle sales scheduled for the first day of October continue to track 30% above the corresponding period last week, with 16,354 head locked in. Whilst weekly offerings contracted almost 4,000 head from last week’s four-month high, the return of wet weather across large swathes of eastern Australia will once again help to underpin buyer intentions.

Cattle

20,000 head set to test Spring Intentions

The largest AuctionsPlus commercial cattle offering in almost four months, at over 20,000 head, is set to be the biggest test of demand online for cattle so far in 2021. With the run of record prices and exceptionally high clearance rates in recent months, vendors have responded in force to the lure of high prices as spring conditions start to take hold.

Cattle

Same Dynamics…Equal Results

It will be another very busy Friday for the AuctionsPlus online platform, with 17,500 head of cattle scheduled to be offered through the three main commercial auctions. The dynamics shaping the market are expected to be unchanged from the previous weeks and months – with producers competing fiercely for quality lighter lines, while decades-high rebuilding intentions will ensure a solid floor continues to be set under the joined and CAF lines.

Cattle

Steady supplies to hit sizzling market

It has been quite some time since the number of cattle offered on AuctionsPlus’ weekly commercial cattle sales was down on both the previous week and the corresponding week in 2020. With a catalogued 16,400 head across the Weaner & Yearling Sale 1, Weaner & Yearling Sale 2 and the Eastern States Cattle Sale, prices are expected to maintain those of recent week, especially for the lightest steer lines – which have been harder to find than an optimistic Wallabies supporter in recent weeks.

Cattle

Offerings Rise up with Spring Warmth - AuctionsPlus Cattle Sales Friday 3rd September

Another full board of sales will be on offer across AuctionsPlus on Friday – with another surge in numbers across the three main commercial sales, with another 12 special or stud sales. Preliminary numbers have almost 19,000 head listed across Weaner & Yearling Sale 1 and Sale 2 and the Eastern States Cattle Sale. This is 33% above the same week last year and the largest weekly offering since late May 2021.

Cattle

Ready for some Spring heat - AuctionsPlus Cattle Sales Friday 27th August

Big results are expected across Friday’s AuctionsPlus cattle sales, with over 16,300 head being offered across the three main sales - Weaner & Yearling Sale 1 (9am EST), Weaner & Yearling Sale 2 (10am EST) and the Eastern States Cattle Sale (11am EST).

Sheep & Lamb

Ewe wouldn’t believe it! Australian White SIL ewes set a new record at $1,210

In today’s AuctionsPlus National Sheep sale, a line of 26 SIL Australian White ewes have again broke the record – selling for $1,210/head. This is the fourth time since June that this record has been broken, with the record rising $222 from the first record set on June 16th.

Cattle

All Hands On Deck - AuctionsPlus Cattle Sales Friday 20th August

It is set to be a huge Friday for AuctionsPlus cattle sales, with a total of 13 auctions and over 17,500 head of cattle on offer. For the weekly commercial sales, the Eastern States Cattle Sale will have 164 lots offered, while the two Weaner and Yearling Sales will present 332 lots – approximately 17,002 head across the three sales. With another nine feature and stud sales and the regular Tasmanian Cattle Auction, there is sure to be plenty of actions throughout the day.

Cattle

Too High to Resist - AuctionsPlus Cattle Sales Friday 13th August

While Friday the 13th may be an omen in some instances, it is expected to be all good news for tomorrow’s ten AuctionsPlus cattle sales. Large offerings again for the weekly Weaner and Yearling sale has seen it split into two sales, with the northern focused offerings in sale 1 commencing at 9am (EST), while sale 2 kicks off at 10am (EST).

Sheep & Lamb

An Aussie Effort! Commercial Ewes Sell to Record $1,015/head

Records are made to be broken…but the commercial ewe record falling three times in less than two months would have seemed incomprehensible during the depths of 2019. On top of the record high prices, breaking the $1,000/head barrier for commercial ewes is the “cream on top”.

Sheep & Lamb

New Season Lambs Leaping onto The Box in 2021

As the days become longer and warmer, the welcomed spring season is almost upon us, and with it an influx of new season store lambs hitting the market. The coming weeks for new season lambs should prove to be very closely watched, given the strong position and outlook of the Australian lamb market, and sustained flock rebuilding over the past 18-months.

Cattle

Growth Accelerates Through 2021 AuctionsPlus Autumn Stud Sale Season

The massive growth rate in online stud selling registered through 2020 accelerated into the 2021 AuctionsPlus Autumn stud selling season, with total online numbers up across all major categories. With the growth in 2020 fueled by the COVID-19 pandemic and enforced movement restrictions, the 2021 numbers increased further, underpinned by the positive experience for participants and great results for stakeholders.

Sheep & Lamb

Poll Dorset Lambs Average 11% Price Increase YOY Since 2016

Poll Dorset listings on AuctionsPlus have fluctuated in correspondence with seasonal conditions since 2016. Listings have increased year-on-year from 2016 to peak in 2019 - at the height of the drought when destocking was prevalent throughout the eastern states. Listings peaked at 315,519 head, with numbers falling by 11% in 2020 due to improved seasonal conditions and a shift to flock rebuilding.

Sheep & Lamb

Deja Ewe? Aussie White Ewes Smash Record AGAIN

The AuctionsPlus commercial ewe record of $988/head only lasted seven days, as the AuctionsPlus National Sheep sale on the 22nd June 2021 had 60 station mated Australian White ewes, which all surpassed the record set the previous week.

Sheep & Lamb

Aussie White Ewes Smash AuctionsPlus Record by $328!

Australian White sheep lines have been dominating headlines in recent months, as the surge in demand has been a feature of many market reports, as the breed continues to reach unprecedented levels. This was highlighted on Tuesday in the AuctionsPlus weekly commercial sheep and lamb auctions, when two lines of Australian White SIL ewe lambs from West Wyalong NSW, sold for $988/head. 

Market Insights

Dry Autumn Run in SA and Victorian Border Regions sees Online Listing Jump

As the run of excellent seasonal conditions in the eastern states has been underpinning the market for the past year, attention still needs to be given to the regions experiencing drier than average conditions. According to Bureau of Meteorology (BOM), between March and May 2021, Western Victoria and Southeast South Australia have received very much below average rainfall - which has started to impact upon producers’ decisions to hold, or sell, as the challenge of the winter months, lie ahead.

Sheep & Lamb

Dorper Prices Surge on the Back of Strong Restocker Demand

Dorper and White Dorper sales on AuctionsPlus have registered considerable growth over recent years, with strong numbers being offered and rising prices since 2016. 2020 and 2021 have resulted in strong price returns for Dorper stock categories, underpinned by the desire to rebuild stock numbers.

Market Insights

Going Once, Going Twice…SOLD!

An advantage of selling online through AuctionsPlus is the multiple transaction points at which a line of livestock can change ownership – be it before the auction at the vendors nominated “buy now” price, during the set auction once the selected reserve price is met, or after auction via negotiation.

Monthly Wrap

Amazing April for AuctionsPlus Cattle Market

April 2021 may very well go down as the crest for the 15-month run up in cattle prices, with the 31% jump in supplies for the month matched by unprecedented demand. Underpinned by the continuation of the excellent seasonal conditions in eastern Australia, average prices for the month were up for more than half of the AuctionsPlus reported categories – with the largest monthly rises across the lightest steer and heifer lines.

Monthly Wrap

Lamb Market Steady through April

The AuctionsPlus sheep and lamb market continued its steady path throughout April, with a total of 292,647 head offered for the month. While total supplies were back 27% on the previous month, markets were disrupted through the Easter period, as producers retained potential breeding lines with seasonal conditions remaining very favorable.

Monthly Wrap

Cattle Prices Average 30% Higher Year-on-Year through February

The Australian cattle market sustained its historically high level throughout February, with average prices for most categories considerably higher than the same period in 2020. While a few stock categories did ease slightly in value from January, the relatively small decrease in prices needs to be kept in context, especially when compared to the prices and seasonal conditions from the same period last year.

Market Insights

The Difference Between Starts & Reserves when Selling Online

In recent years the online livestock auction system has experienced significant growth, becoming the first-choice marketing channel for many farmers across Australia. However, in line with the recent growth, the most efficient and practical way to market stock online is still being determined. 

Cattle

The Stud Season That Was

The spring stud season has always been a busy period at AuctionsPlus with online connectivity featured at many stud sales across Australia. 2020 has seen very different circumstances at play forcing studs to adapt to new rules and restrictions in order to have their on-property sales.

Cattle

2020/2021 Southern Weaner Selling Season Preview

2020 has thrown a few curve balls at people, however what is sure to be a certainty is that producers in South Australia and Victoria will have weaners to sell, and with drought breaking rain New South Wales producers will be looking to buy. Leading up to the peak southern weaner selling season the AuctionsPlus Market Insights (AMI) have reviewed market and sale data to offer insights for buyers and sellers. The AMI team has reviewed data of steers and unjoined heifers from South Australia and Victoria, 12 months and under, offered during the traditional selling season of November through to February.

Market Insights

To scan or not to scan? That is the question...

As discussed in several recent articles, a severe deficit of breeding ewes across Australia was always going to put extreme pressure on the store sheep market once there was widespread rain. This is exactly what happened in the first months of 2020, and when key regions had drought breaking rainfall, a scramble to restock paddocks against a 116-year flock low began. A question on the factors impacting current buyer behaviour, and thus what key elements vendors should look to achieve when selling; has prompted the AuctionsPlus Market Insights team (AMI) to analyse data of scanned in lamb (SIL) ewes.

Cattle

July Market Wrap

Cattle - By Zoë Macfarlan   Cattle listings were firm for the month of July with 71,583 head listed, only a 706 head decrease from June. Continued rainfall across areas of the eastern seaboard is a contributing factor to the smaller numbers on offer. This rainfall has also sustained restocking demand which saw prices and clearance rates remain strong for several stock categories. A highlight for the month was Queensland dominating the cattle listings with a total of 28,840 head on the box, a whopping 40% of the national offering.

Cattle

Price gap between steers and heifers has fallen below 10%

Traditionally, a farmer has been happy for their calving rate to fall in favour of steers, due to the widely accepted rule that steers are worth more than their sisters. The price differentiation between steers and unjoined heifers is a useful indication of the current state of the market. The price difference, or price gap, as measured between June 2015 and June 2020 on AuctionsPlus listings has on average sat at 10%. However, at times the price gap has exceeded or preceded this average as certain market conditions promote considerable price swings.

Market Insights

Pastoral Stock Surge Online

The pastoral regions of Australia are vastly different to the rest of Australia in terms of environment. As such, North Queensland, the Northern Territory, and the north of Western Australia tend to operate in their own markets. The often hot, extreme and challenging climatic conditions are ideal for hardy Bos Indicus breeds, marketed for the most part into feedlots and live export. However, consistently in response to recent rain in many regions of Eastern Australia has been encouraging and the demand to re-stock immense. Which in turn see’s the online marketplace providing an alternative market, with great success.

Wool

Queensland riding on the Sheep’s back

The sheep and wool industry was for many decades, the backbone of the Australian economy; breathing life and prosperity into rural communities. Throughout the 1970’s and 1980’s, Australia’s sheep population was well over 100 million head and rural grazing areas bustled with jackaroos, contractors, scanners, shearing teams and governesses. This all changed dramatically when it came crashing down in the 90’s, a result of the wool reserve price scheme collapsing due to a massive oversupply in the market, forcing the industry to crumble around it.

Cattle

Does the future of our cattle herd hinge on VIC & the Riverina?

A previous AuctionsPlus Market Insight article “Southern Rain Spurs on Southern Buyers” outlined the buying power of Victorian’s online. Further to the previously published findings, we take an indepth look at what has been purchased in 2019.

Cattle

Should vendors hold onto weaners to sell as feeders?

It has long been industry convention that a c/kg premium is received for weaner cattle, when compared to feeders. The premium can typically be attributed to a range of factors including weight, greater volume, more marketing opportunities from a greater pool of buyers and a larger geographical area. Combined with management processes, many producers tend to sell earlier, rather than holding onto weaners to take through to heavier weights. However, the current drought conditions have seen a shift in this premium throughout 2019 towards feeder stock.