The Australian wagyu beef community has been left shocked after about 10 straws of bull Macquarie Y408’s semen sold for $280000 and records tumbled at the Australian Wagyu Conference hosted in Albury last week.
The now deceased bull Macquarie Y408 was the second-highest-ranked bull in Breedplan for Fullblood Terminal Index in the breed with a value of +$587, almost five times the breed average of +$121.
Australian Wagyu Association president Peter Gilmour said he didn’t expect such high bids.
‘‘It was an extraordinary outcome with respect to the 10 straws of semen that sold,’’ he said.
‘‘I didn’t expect that to go so high, I was speaking to a few people afterwards and they said they were prepared to go quite high.’’
The auction saw a number of bidders involved as demand for Australian wagyu continues to increase, reflected in the record-breaking prices displayed on the day, and Mr Gilmour said the Australian wagyu industry was well placed.
‘‘I think that the Australian wagyu beef industry is in an extraordinary position,’’ he said.
‘‘We may only be five per cent of the size of the Angus industry in Australia but our industry is going well and consistently ... Wagyu in Australia has lots and lots of upside still there.’’
The highest priced bull of the day, Mayura L0010 from Scott de Bruin’s Mayura Wagyu in Millicent, South Australia, is now the highest price Wagyu bull to be sold in Australia, with a selling price of $105000.
An unborn heifer from Laird and Sonia Morgan from Arubian Pty Ltd in Condamine, Queensland sold for $95000, a new record for an in utero calf, and when born in September is expected to be the highest mid-parent FTI female in the world.
Wagyu semen was in demand with all 170 specimens going under the hammer for an average of $1962, with the Macquarie Y408 vials the highlight of the sale.
Overall the auction saw a clearance rate of 96 per cent as 215 of the 233 lots sold for a total result of $792300.