Bouncing back at Bendigo

Yarding - 18,560

The winter market for lambs and sheep kept improving at Bendigo this week. Further price gains of $10 to $20/head were evident across most of the yarding which comprised 13400 lambs and 5160 sheep. This was the biggest offering at Bendigo for about a month, the stronger market drawing out more stock, particularly in the sheep run. All the regular buyers attended and there was genuine bidding duals on the best stock which carried the this market to new price highs.

Five pens of heavy export lambs in the 33-36kg cwt range sold above $300 to a top of $309, with most export lambs selling above $260/hd at a ballpark cost of 880c/kg cwt to processors. The hot spot of the market was lambs in the 24-30kg cwt range which took in supermarket and lead domestic competition, the crossbreds selling from $200 to $270 to average over 900c/kg and with some of the neatest heavy trades estimated above 950c/kg cwt at times. The average run of medium trade lambs mostly $155 to $185/hd. Decent light lambs to processors mostly $90 to $140/hd. Rates for Merino lambs also rallied with the best fed types with consistent fat cover selling above 800c/kg cwt. The heaviest Merinos $220 to a top of $275, with decent tradeweights from $160 to $193/hd. There was some lines of very light little Merino lambs in wool which sold from $45 to $113/hd.

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Sheep sold to very strong demand with only a few pens of very light ewes under $100/hd in this market. The heaviest Merino ewes from $140 to a top of $194/hd; big crossbred ewes to $165; and Merino wethers to $179/hd. Good lines of mutton were estimated as costing processors over 500c/kg cwt.

https://www.bendigo.vic.gov.au/Services/Bendigo-Livestock-Exchange