Friday daily sheep summary
24 February 2017
Lamb supplies at Wagga lifted 15% this week, to 38,000 head. Quality was very mixed, with lambs in full wool presenting in very dry condition due to the prolonged hot weather. A reasonable offering of trade and heavy drafts were on offer, with buyers paying a premium for shorn lines. Although sporadic, lighter weights continued to attract strong interest from restockers – while the usual domestic and export buyers were also in attendance.
Mutton consignments remained unchanged this week, at 7,000 head. A mixed yarding was on offer to the usual buyers, with plenty of weight represented throughout.
- Light weight 2 score Old lambs to restockers gained 5¢, averaging 757¢/kg cwt
- Trade weight 3 score Old lambs to slaughter were back 58¢, at 647¢/kg cwt
- Heavy weight 3 score Old lambs to processors eased 78¢, to 637¢/kg cwt
- Extra heavy weight 4 score Old lambs slipped 32¢, to 630¢/kg cwt
- Medium weight 2 score Merino ewes dropped 26¢, to 383¢/kg cwt
At the close of Thursday’s markets:
- The eastern states restocker lamb indicator averaged 695¢, easing 2¢/kg cwt from the previous day.
- Merino lambs averaged 593¢,back 5¢/kg cwt
- Light lambs averaged 621¢, up 2¢/kg cwt
- Trade lambs averaged 641¢, back 6¢/kg cwt
- Heavy lambs eased 10¢, averaging 645¢/kg cwt
- The mutton indicator finished 6¢ lower, at 416¢/kg cwt
Note: All yardings and prices referenced are from MLA reported saleyards
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