Tuesday daily sheep summary

24 May 2016

Lamb consignments at Dubbo declined 26% this week, to 17,865 head. A good level of quality was seen across most categories, with heavy weight lines in particularly good supply, along with a fair selection of trade weights. Lighter weights to processor buyers held firm, with the market trending mostly dearer overall.

Mutton supplies increased 2% this week, to 6,210 head. Quality was mixed, with some categories presenting in excellent condition, along with a fair percentage of plainer types.

  • Trade weight 3 score old lambs to processors jumped 11¢, at 577¢/kg cwt
  • Heavy weight 4 score old lambs to slaughter were up 24¢, at 611¢/kg cwt
  • Extra heavy weight 4 score old lambs averaged 643¢, up 37¢/kg cwt
  • Light weight 2 score Merino ewes settled 8¢ dearer, averaging 366¢/kg cwt

Lamb throughput decreased 36% at Bendigo week-on-week, to 8,996 head. Quality was slightly plainer, with less weight and finish available across most of the yarding. Bidding intensified on the better trade and export lines displaying better cover, with a dearer trend underlining the sale.

Mutton numbers declined 13%, to 2,013 head. Quality throughout most sections was particularly average, with the market finishing dearer on last week.

  • Trade weight 3 score old first-cross lambs were up 17¢, at 567¢/kg cwt
  • Heavy weight 3 score old lambs to processors jumped 25¢, 584¢/kg cwt
  • Extra heavy weight 4 score old first-cross lambs averaged 606¢/kg cwt
  • Medium weight 2 score Merino ewes finished 22¢ dearer, at 375¢/kg cwt

At the close of Monday’s markets:

  • The eastern states restocker lamb indicator increased 11¢ on where it finished the previous day, on 567¢/kg cwt
  • Merino lambs were up 1¢, at 515¢/kg cwt
  • Light lambs were up 1¢, at 549¢/kg cwt
  • Trade lambs were back 1¢, on 559¢/kg cwt
  • Heavy lambs were up 4¢, on 566¢/kg cwt
  • The mutton indicator finished 5¢ higher at 365¢/kg cwt

For the full list of sheep market reports, please click here                                                 

Note: All yardings and prices referenced are from MLA reported saleyards.

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