Saleyard record of $336/head as supply tightens at Bendigo
- By: "Farm Tender" News
- Ag Tech News
- Jul 01, 2019
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Yarding - 11,830 (-4085).
Lambs - 9,490 (-3140).
Sheep - 2,340 (-945).
Supply continued to tighten as lamb numbers eased below 10,000 for the first time this winter, with sheep to just 2,340 head. There was a reasonable selection of supplementary finished lambs alongside plainer and mixed stock showing the effects of the season. Competition for the best processor lambs remained robust, with prices firm to a few dollars dearer across the lead pens of heavy and trade lambs. Small and light weight Merino lambs were up to $10/head dearer amid limited supplies of MK processing stock under 17kg cwt. There was a new Bendigo saleyard record set of $336/head for extra heavy export lambs up close to 38kg cwt. The first pen of new season young lambs appeared and made $170/head for an estimated 18-19kg cwt, with agents saying current high prices had drawn them into the auction system early.
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Not as many extra heavy lambs over 30kg cwt were yarded, with just three pens making from $326 to $336/head. The main run of heavy crossbred lambs weighing 26-30kg cwt sold from $238 to $279/head. The bulk of the trade weight lambs were in the 22-24kg cwt category, making from $190 to $242/head. The lead runs of processor lambs were returning estimated carcase prices from 900c to 960c/kg cwt. Buyers did not give as much support to small and mixed pen lots of lambs, or stock in rough skins, and carcase results for these were often below900c/kg. The best trade weight Merino lambs off supplementary feed made from $209 to $229/head. The majority of the Merinos were smaller types under 20kg cwt, making from $130 to $176/head to trend above 800c/kg cwt.
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Sheep numbers and quality declined further. There was just odd pens of extra heavy sheep in forward condition and they still received from$200 to $240/head despite a key northern exporter not operating this week. The general run of medium and heavy sheep sold from $130 to $180/head, with good mutton still costing processors over 580c/kg cwt.
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