Merino and light lambs held firm in eastern seaboard markets this week

Wagga-sheep-10

Trade weight 3 score old lambs to slaughter were 12¢ lower, on 504¢/kg cwt

At the close of Thursday’s markets, the eastern states restocker lamb indicator finished at 541¢, up 3¢/kg cwt on where it finished yesterday.

Merino lambs held firm, at 467¢/kg cwt, light lambs held firm, at 504¢/kg cwt, trade lambs were back 1¢, at 517¢/kg cwt, heavy lambs were back 4¢, to 505¢/kg cwt and the mutton indicator was back 1¢, to 319¢/kg cwt.

Lamb numbers at Wagga decreased 4% week-on-week, to 41,150 head.

Dry seasonal conditions saw offerings of well-bred secondary lambs increase, although with many requiring more finish. Quality across the yarding was very good over all categories, with grain-fed lines attracting strong demand from processors.

Mutton throughput decreased 8%, to 11,200 head. Quality was mixed this week, with all weights and grades well supplied.

  • Light weight 2 score old Merino lambs to restockers were up 35¢, to 499¢/kg cwt
  • Trade weight 3 score old lambs to slaughter were 12¢ lower, on 504¢/kg cwt
  • Extra heavy weight 4 score old lambs averaged 486¢, back 18¢/kg cwt
  • Medium weight 3 score Merino ewes averaged 322¢, up 25¢/kg cwt

http://www.mla.com.au/Prices-markets/Market-news/Friday-daily-sheep-summary-080416

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