The newly released 2015/16 figures highlighted a 57 per cent rise on previous market prices with more than 28,000 head of livestock sold across nine sales.

Casterton is nationally recognised for its premium quality stock with strong selling figures recorded this financial year. 

An additional 3300 head of stock moved through the yards compared to the 2014-15 year, with particular interest from northern buyers wanting to restock, following a break in dry seasons.

A total of 17,251 head of sheep and 11,570 cattle were sold, reaching a record selling price of $12.39 million - an increase of $4.5 million.

Glenelg Shire Mayor Cr Max Oberlander applauded the selling figures which would benefit the whole community.

“This is fantastic result for the Casterton saleyards and the dedicated team who assist in running the sales and markets,” he said.

“Strong saleyard selling figures have a direct feed into our local economy.

“This is money that is driven back into our local businesses as farmers value-add to their farms, spending in our local stores and supporting local jobs.”

The Eastern Young Cattle Indicator recently recorded a high of 660.5/kg with many producers capitalising on the strong market.