Friday daily sheep summary
10 February 2017
This week, Wagga consignments eased 34%, to 29,500 head. Quality throughout the offering slipped on the previous sale, with most categories showing the effects of the recent hot and dry weather. Despite a large percentage of the yarding lacking condition, buyer competition remained strong – with restocker bidding intensifying for the limited supply of well finished lambs in particular.
Mutton throughput remained fairly steady week-on-week, at 9,900 head. Overall quality was fair, with medium weight Merinos well supplied.
- Light weight 2 score old lambs to restockers reached 750¢, averaging 649¢, back 122¢/kg cwt
- Trade weight 3 score old lambs to processors slipped 35¢, to 622¢/kg cwt
- Heavy weight score 4 old lambs eased 18¢, averaging 653¢/kg cwt
- Extra heavy weight 4 score old lambs jumped 13¢, averaging 649¢/kg cwt.
- Medium weight 3 score Merino ewe dropped 28¢, averaging 414¢/kg cwt
At the close of Thursday’s markets:
- The eastern states restocker lamb indicator averaged 665¢, declining 18¢/kg cwt from the previous day
- Merino lambs averaged 564¢, up 1¢/kg cwt
- Light lambs averaged 615¢, down 9¢/kg cwt
- Trade lambs averaged 618¢, down 5¢/kg cwt
- Heavy lambs held firm at 625¢/kg cwt
- The mutton indicator finished 7¢ lower, at 410¢/kg cwt
Note: All yardings and prices referenced are from MLA reported saleyards.
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