Friday daily sheep summary

18 September 2015

Lamb consignments at Wagga slipped 8%, to 23,000 head, and new season lamb quality was excellent. All the regular domestic buyers were in attendance, although there were very few export processors operating.

  • New season light weight 3 score lambs to restockers fell 44¢ and averaged 534¢/kg cwt
  • New season trade weight 3 score lambs declined 44¢ on 529¢/kg cwt
  • New season heavy weight 3 score lambs were back 46¢ on 518¢/kg cwt
  • New season extra heavy weight 4 score lambs were 69¢ lower and averaged 512¢/kg cwt
  • Old season trade weight 3 score Merino lambs decreased 51¢ on 417¢/kg cwt
  • Old season heavy weight 3 score lambs slipped 25¢ on 492¢/kg cwt

Sheep throughput edged 1% lower week-on-week, to 7,500 head, with a reasonable proportion of the yarding consisting of medium and heavy weight lines.

  • Medium weight 3 score Merino ewes were down 27¢ and averaged 341¢/kg cwt
  • Heavy weight 4 score ewes declined 27¢ on 306¢/kg cwt

At the close of Thursday’s markets:

  • The eastern states restocker lamb indicator (ESTLI) was 2¢ lower on 582¢/kg cwt
  • Merino lambs were unchanged on 462¢/kg cwt
  • Light lambs increased 2¢ on 505¢/kg cwt
  • Trade lambs slipped 4¢ on 525¢/kg cwt
  • Heavy lambs fell 3¢ on 523¢/kg cwt
  • The mutton indicator was back 6¢ on 357¢/kg cwt

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

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