The popularity of online livestock bidding is on the up, with sales at Tamworth and Casino delivering over $175,000 worth of stock to online bidders in one day alone.
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The rising trend is hoped to continue even after the pandemic restrictions are eased, with buyers getting a taste for the benefits.
Significantly more bids are being made through StockLive during the auctions at Tamworth Regional Livestock Exchange (TRLX) and Northern Rivers Livestock Exchange (NRLX).
During TRLX's Prime Sale on Monday, around 52 viewers, 14 registered bidders,154 bids made and 13 lots were sold over the web.
Blake O'Reilly from Ray White Livestock Gurya, who purchased on behalf of clients at Casino today and has been purchasing via StockLive since before the pandemic, said he'd seen a growth in how many clients were watching online.
"The number of vendors and buyers who are now watching and bidding online at StockLive partnered auctions has grown significantly since COVID," Mr O'Reilly said.
Having the online platform working in with the physical auctions strengthens the marketplace and gives a true price for the stock, taking the risk out of purchasing.
- Blake O'Reilly
"Having the online platform working in with the physical auctions strengthens the marketplace and gives a true price for the stock, taking the risk out of purchasing.
"The platform is especially useful for the increased number of sales using ring selling, which gives the purchaser full vision of the livestock being sold."
Brad Willis, NRLX Manager, said the auction went ahead successfully despite a planned Telstra outage in Casino and Lismore.
There was 360 viewers, 23 registered bidders, 141 bid taken online and 13 lots sold to numerous buyers.
It's definitely a system I'll be using going forward and gives me access to sales beyond driving distance.
- Daniel Hunt
Walcha based livestock buyer Daniel Hunt was one of the first to start using StockLive at TRLX and purchased just under $20,000 in stock at today's sale.
"I can't always get out for a whole day to the saleyards, so for me online bidding gives me flexibility and is an easy process, particularly with the TRLX auctioneers now used to having the bids coming in from online," Mr Hunt said,
"It's definitely a system I'll be using going forward and gives me access to sales beyond driving distance."
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StockLive Manager Libby Hufton said the number of inquiries from saleyards across all regions continues to grow.
Now, over 15 saleyards are using the StockLive's platform.
"We continue to see the number of buyers and viewers grow each sale we have at these yards," Ms Hufton said.
"It is a credit to the facility operators, agents and vendors."
