AS throughput records continue to tumble at the Northern Rivers Livestock Exchange, turnover has now become a key focus with sales last week falling just shy of the all-time record of $113,616,791, coming in at $113,421,627.
Wednesday’s prime sale and Friday’s Casino bull and heifer sale – the final sale of the 2019-2020 financial year – saw 1223 cattle fill the pens, putting total throughput for the year at 131,543.
NRLX Operations Manager Brad Willis said recent sale results proved there was no question as to the need for, or merits of, a top quality saleyards facility in the Northern Rivers.
Mr Willis said the NRLX team was “over the moon” with the news the decades-long throughput record was broken and, combined with a new fee structure in place and the excellent up take of auction livestreaming, it was all systems go.
He said the bumper year had seen great returns to local producers and agents, and was a massive boost to the local economy.
“The numbers speak for themselves and show why the NRLX is the number one selling option in northern NSW for producers looking to get premium returns on their cattle,” Mr Willis said.
“We have a world-class saleyard with the latest technology, and best practice for animal welfare and worker safety – a facility we can all be proud of.”
According to Meat & Livestock Australia’s 2018-2019 NSW cattle saleyard survey, the NRLX was sitting at number seven in NSW, with throughput at 99,887; Dubbo held top spot with 193,788 followed by Wagga Wagga 172,734 and CTLX Carcoar 139,249. The MLA survey results for 2019-2020 will not be tallied until later this year but NRLX is confident it will progress up the rankings.
Following an extensive survey of NRLX stakeholders, last week’s monthly Council meeting saw the adoption of a new fee structure for the next three years.
Mr Willis said more than 200 producers, buyers and livestock agents had taken part in the online survey, which allowed them to preference one of two fee structure options, as well as provide alternative suggestions.
One of the options presented was to retain the current fee structure, with a fixed fee regardless of the livestock type or cattle price.
However, the alternative option, which proved significantly more popular, was to introduce a progressive and flexible fee structure which fluctuated depending on cattle prices.
“Under this scaled structure, when cattle prices are lower, producers will pay slightly less, and during boom periods, slightly more,” Mr Willis said.
Mr Willis said of the 205 stakeholders who responded to the survey during the consultation period, a majority favoured this option.
“There was also overwhelming support for the continued livestreaming of auctions via StockLive, which has been a vital offering this year due to COVID-19 restrictions,” Mr Willis said.
“NRLX was in a position to introduce this service virtually overnight thanks to the extensive upgrades to our technological infrastructure as part of the recent upgrade.
“This is helping to future-proof what is fast becoming one of the leading livestock exchanges not only in NSW, but across Australia.”
The new fee structure for the 2020-2021 financial year is as follows:
|Vendor usage fee||$0.01 – $600||$9||per head|
|Vendor usage fee||$600.01 – $900||$11.15||per head|
|Vendor usage fee||$900.01 and above||$13.50||per head|
|Vendor Usage fee||Bulls (non-stud)||$15.50||per head|
|Capital works levy||All livestock yarded||$2.05||per head|
|Agent business usage fee||All livestock yarded||$1||per head|
|Agent annual permit fee||$10,500||per annum|
|StockLive online streaming||All livestock yarded||$1.50||per head|
|StockLive stud sales||$1650||per sale|