Prices at Wagyu’s first national auction showed that excellent genetics will achieve good prices, but that Wagyu genetics is also affordable for the commercial producer. A premium of between 10% and 30% is being paid by specific feedlots for Wagyu cross calves and this will ensure that a commercial bull will remain a bargain at between R100 000 and R120 000 in the future.
The auction, hosted by BKB and the Wagyu Society, took place on 8 August at the Afridome in Parys. On offer were 48 lots, and a total turnover of R4.165 million with an average price of R86 770 was realised. Heifers sold for an average of R128 000, cows for R77 500, cows with calves R135 000 and bulls R62 000.
The highest price for a bull and a heifer was R230 000 and R410 000 respectively. The seller was Dr. Ryan Jeffery of Cradle Wagyu in Gauteng and the buyer was Gerald Dreyer of Wild Coast Wagyu in the Eastern Cape.
For further inquiries, contact Connie van Vuuren at BKB on 082 373 4833 or Dr. Michael Bradfield, CEO of Wagyu on 082 857 0961. The web site is www.wagyu.org.za. – Press release