Friday daily sheep summary
03 March 2017
Lamb numbers declined this week at Wagga, with 29,000 head yarded. Quality also declined, with plenty of the trade and light lambs showing dryness and as a result, price trends tended to be mixed. Buyers paid a premium for shorn drafts of heavy lambs while plainer types attracted substantial discounts and restocker competition was steady for light weigh well-bred lambs.
Mutton numbers lifted to 9,000 head in a mixed quality offering and Merinos were keenly sought after.
- 3 score trade weight old lambs to processors eased 16¢, averaging 631¢/kg cwt
- Heavy weight, 4 score old lambs to processors also eased 16¢, selling between 303¢ and 663¢ and averaging 615¢/kg cwt
- Medium weight, 2 score Merino ewes averaged 386¢, up 3¢/kg cwt
At the close of Thursday’s markets:
- The eastern states restocker lamb indicator averaged 667¢, declining 9¢/kg cwt from the previous day.
- Merino lambs averaged 558¢, back 5¢/kg cwt
- Light lambs averaged 600¢, back 7¢/kg cwt
- Trade lambs averaged 611¢, back 8¢/kg cwt
- Heavy lambs eased 4¢, averaging 611¢/kg cwt
- The mutton indicator settled 5¢ cheaper, at 422¢/kg cwt
Note: All yardings and prices referenced are from MLA reported saleyards
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