Windhoek: The Namibia Genetics Stud Livestock Auction held recently in Windhoek recorded strong demand for quality breeding stock, achieving an 84 per cent clearance rate and firm prices across several cattle breeds.
According to Namibia Press Agency, a media statement issued on Tuesday indicated that 58 of the 69 lots on offer were sold at an overall average price of N.dollars 53 655. Bulls reached a top price of N.dollars 105 000 and averaged N.dollars 60 690, after 42 of the 50 bulls on offer were sold.
The statement noted that Namibia Genetics, established in 2011, brings together leading breeders focused on improving herd productivity through proven genetics and performance. Heifers-in-calf achieved a 100 per cent clearance rate, with all 16 animals sold at an average price of N.dollars 35 188.
Santa Gertrudis bulls recorded the highest average price at N.dollars 80 250, followed by Simbra bulls at N.dollars 64 111 and Angus bulls at N.dollars 62 333. Brahman bulls averaged N.dollars 55 882, with the highest price reaching N.dollars 90 000. In the female category, Brahman heifers-in-calf averaged N.dollars 30 818, while Simbra heifers-in-calf averaged N.dollars 44 800.
Bank Windhoek stated that the main aim of Namibia Genetics is to supply superior genetic material to Namibia's commercial beef industry by participating in performance-testing programmes and offering a wide variety of breeds at its auctions. The bank, which is the main sponsor of the auction programme, emphasized its commitment to supporting Namibia's agriculture sector through development initiatives, knowledge-sharing platforms, and sustainability-focused financing solutions.
Bank Windhoek's Head of Strategic Partnerships, Bronwyn Moody, highlighted the centrality of agriculture to many Namibian communities and its important role in long-term economic resilience. "Bank Windhoek is committed to supporting farmers and initiatives that strengthen productivity and build lasting relationships with customers," Moody said.
Namibia Genetics hosts two annual auctions, one in April or May and another in August.