Friday daily sheep summary
27 May 2016
Wagga lamb numbers increased 8% this week, yarding 40,000 head. Forth coming rain saw demand strengthen for trade and export categories, with all buyers looking to secure loads. Supplementary fed lines in shorter skins attracted the strongest competition, with all major export and domestic processors in full operation.
Sheep consignments increased 17% week-on-week, to 9,100 head. Quality was mixed across the offering, with all weights and grades well represented. A dearer trend underlined the sale, however could not be matched by all processors, resulting in a movement toward lighter weight sections.
- Light weight 2 score old merino lambs settled 10¢ lower, on 561¢/kg cwt
- Trade weight 3 score old lambs to processors were up 41¢, at 612¢/kg cwt
- Heavy weight 4 score old lambs to slaughter jumped 38¢, to 613¢/kg cwt
- Extra heavy weight 4 score old lambs averaged 608¢, up 52¢/kg cwt
- Medium weight 2 score Merino wethers averaged 405¢/kg cwt
At the close of Thursday’s markets:
- The eastern states restocker lamb indicator gained 7¢ on where it finished the previous day, on 581¢/kg cwt
- Merino lambs were up 18¢, at 543¢/kg cwt
- Light lambs were up 7¢, at 573¢/kg cwt
- Trade lambs were up 11¢, on 586¢/kg cwt
- Heavy lambs were up 12¢, on 592¢/kg cwt
- The mutton indicator settled 15¢ higher at 381¢/kg cwt
Note: All yardings and prices referenced are from MLA reported saleyards.
Join myMLA today
One username and password for key integrity and information Systems (LPA/NVD, NLIS, MSA & LDL).
A personalised online dashboard that provides news, weather, events and R&D tools relevant to you.
Customised market information and analysis.
Already registered for myMLA?