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Sernick Bonsmara, part of the Sernick Group hosted their 38th annual Production Auction today. Nick Serfontein, Chairman of the Sernick Group says the auction exceeded all his expectation – the 2015/2016 season has been one of the toughest years in agricultural history. But the auction results today `show that buyers see a bright future for the red meat industry in South Africa.
The bull that fetched the highest price at auction was lot 6 (image attached) and sold for a hefty R200 000.00. The average across the 34 bulls on offer was R66 800.00, in comparison to R42 000.00 in 2015 and R38 000.00 in 2014.
Three in one cows sold at an average of R17 000.00 with the highest price at R18 000.00. Cows and heifers that are heavily pregnant or with small calves sold at an average of R16 220.00 with the highest price at R18 800.00. Cows 3 – 5 months pregnant sold at an average of R13 800.00 – with the highest price at R16 500.00. Non-pregnant heifers sold at an average of R6 800.00 with the highest price at R7 600.00.
Johan van der Nest acted as auctioneer for the 33rd time. The auction was widely attended, from as far as the Eastern Cape, KwaZulu Natal, Mpumalanga as well as representatives from Namibia. Nick Serfontein personally invited all Bonsmara breeders to sell their Bonsmara weaners to the Sernick Feedlot in support of the recently established Certified Sernick Bonsmara Beef brand. Sernick Bonsmara was also announced as the Free State herd of the year by The Agricultural Research Council and will now compete nationally.
