Sheep price rises steal the show at Bendigo
- By: "Farm Tender" News
- Ag Tech News
- Apr 01, 2019
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Yarding - 21,282 (+4828).
Lambs - 11,762 (+1005).
Sheep - 9520 (+3823).
There was an improvement in lamb numbers to 11,762 head, while sheep supplies nearly doubled as farmers reacted to reports of much dearer mutton prices at saleyards late last week. Lamb quality was generally plainer, with less well bred and supplementary fed stock on offer. Bidding trends for lamb followed a similar pattern to a week ago, with prices firm to a few dollars dearer over the main processor categories. Domestic buyers stepped up into heavier lambs to access better fat cover and finish, which helped boost results in the 26-30kg weight range. Prices for sheep improved from $10 to $40, with extra heavy meat ewes selling to $230 and Merino wethers making to $209/head.
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Heavy export lambs over 30kg sold from $194 to $217, to improve $5/head on last week. The best crossbred lambs in the 26-30kg weight range sold from $180 to $212/head in a dearer result. Some of the plainer bred and finished types in this heavy weight range saw cheaper trends.
There was a small price change across the trade weight lambs, with the main run of 22-24kg types averaging $164, to be $1/head easier than a week ago. The bulk of the trade lambs made from 650c to 680c, with premiums of over 700c/kg paid for the neatest domestic pens. Merino lambs of all sizes received good processor support throughout the sale, with the heaviest in a big skin topping at $184/head, while the lighter weight pens for MK export orders made to 700c/kg. Most light crossbred lambs sold from $96 to $136/head.
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Export competition for heavy mutton intensified to take prices to new levels. The heaviest crossbred ewes in fat score 3 and 4 condition sold from $170 to $230/head, to average 550c/kg. There was a larger offering of heavy Merino wethers compared to recent sales. The main run of heavy Merino wethers with good fat cover sold from $148 to $209/head, to average 600c/kg. Price results favoured heavy sheep weighing over 26kg cwt. The market saw improvements for medium trade and lighter sheep, but not to the same price levels as the heavier mutton. The sale was unpredictable as buyers tried to navigate the surging market, leading to large carcase price spreads over many sheep categories
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