Market Reports

Sales of F1 Australian Wagyu through AuctionsPlus

Wagyu Markets F1 vs Feeder Indicators (MLA)

Wagyu F1 market trading through AuctionsPlus is compared with MLA’s feeder indicator reports on a monthly basis.

The first quarter of the 2021 financial year has continued to build on the results on the previous financial year, with the average F1 price through AuctionsPlus tipping over 600c/kg a few times in the period from July to November 2020. Sales hit the 500c/kg mark based on an upward trend mid-October, continuing to build on the mid 400’s at the end of June.

The feeder indicator results through MLA have remained relatively stable in comparison for the same quarter time period.

The 2019-20 financial year has seen both F1 and feeder results starting below 300 c/kg live weight. During the course of the first half of the year, the feeder indicator has remained relatively stable around 300c/kg, while F1 Wagyu prices gradually gained ground, passing the feeder indicator toward the end of December.

The F1 trend has continued to rise, albeit with a drop when borders closed with COVID-19, reaching an average of 450 c/kg toward the end of June 2020.

Please note it is estimated that Wagyu F1 sales reported by AuctionsPlus represent a small proportion (in the order of 2-5%) of total Wagyu F1 sales and that the data listed may not reflect direct supply relationships. This may be a result of many things, including the cattle being outside of specifications for the buyer or due to small lot numbers. Sale frequency varies from month to month with some months recording more than one sale.

The data on buy prices for the many different Wagyu F1 supply chains is not publicly disclosed. The National Feeder indicators are sourced from Meat & Livestock Australia.

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Important Notice and Disclaimer

It is very important that you appreciate when viewing the AWA database that the information contained on the AWA database, including but not limited to pedigree, DNA information, Estimated Breeding Values (EBVs) and Index values, is based on data supplied by members and/or third parties.

Whilst every effort is made to ensure the accuracy of the information reported through AWA, AWA officers and employees assume no responsibility for its content, use or interpretation. AWA disclaims all liability (including without limitation, liability in negligence) for all expenses, losses, damages and costs you may incur as a result of the use by you of the data on this AWA database and the information supplied by ABRI and AGBU being inaccurate or incomplete in any way for any reason.

Regarding EBVs and Index values, it is very important to appreciate, and you need to be aware that:

EBVs are derived using Wagyu Single Step BREEDPLAN technology developed independently by the Animal Genetics and Breeding Unit (AGBU), using the information contained within the AWA database.
AGBU is a joint venture of NSW Department of Primary Industries and the University of New England, which receives funding for this purpose from Meat and Livestock Australia Limited.
AWA relies solely on advice provided by AGBU and ABRI in accepting Wagyu Single Step BREEDPLAN software.
EBVs published in Wagyu Single Step BREEDPLAN are estimates of genetic potential of individual animals and may not reflect the raw animal phenotype.
EBVs can only be directly compared to other EBVs calculated in the same monthly Wagyu Group BREEDPLAN analysis.

Regarding pedigree and DNA testing results submitted to the AWA, it is very important to appreciate, and you need to be aware that:

Pedigree and DNA data submitted and supplied to AWA may have errors in it which cannot be detected without further DNA testing.
Technology may have advanced since a particular test was undertaken so that previous inaccuracies which were not detectable are now able to be detected by current testing technology.
AWA estimates that less than 1% of the pedigree entries, ownership or breeding details in the AWA Herdbook may have errors or which may be misleading. For this reason, users ought to consider if they need to obtain independent testing of the relevant animal (if possible) to ensure that the data is accurate.

Regarding prefectural content, it is very important to appreciate, and you need to be aware that:

Prefectural content is based on the estimation of prefectural origin from Japanese breeding records of 201 foundation sires and 168 foundation dams. As genotype-based parent verification is not used in Japan, and full Japanese registration certificates are not available for all foundation animals, exact prefectural composition for these sires and dams cannot be validated.
The calculation of prefectural content for Australian Herdbook animals relies on the accuracy of pedigree records and DNA samples provided by AWA members.
The reporting of prefectural content for animals within the AWA Herdbook relies on the calculation provided by ABRI.

If you consider that you do not understand or appreciate the nature and extent of the data provided on this website or the EBVs of a particular animal, then AWA strongly recommends that you seek independent expert advice.