Sellers and industry figures say the price increase proves confidence in the industry is high despite concerns about a potential foot-and-mouth disease outbreak.
Bull sales across New South Wales have exceeded expectations despite the looming threat of foot-and-mouth disease .A Gloucester-based stud sold its top bull this season for $190,000
"It was unbelievable — $40,000 was our top price until this year, so we didn't only break our own record, we absolutely smashed it," principal James Laurie said.Mr Laurie had been concerned sale prices would be adversely affected by the FMD outbreak in Indonesia.to prevent FMD from crossing the border, which would likely lead to mass culls of infected animals and cause major disruption to the meat and livestock trade.
"There's a lot of uncertainty in the market at the moment, in both the physical market and from these overseas issues, so we were just thinking that might take the edge off it," he said.
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