Trade lambs gain 11c/kg and Merino lambs 18c/kg in markets

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Trade weight 3 score old lambs to processors were up 41¢, at 612¢/kg cwt

At the close of Thursday’s market the eastern states restocker lamb indicator gained 7¢ on where it finished the previous day, on 581¢/kg cwt

  • Merino lambs were up 18¢, at 543¢/kg cwt
  • Light lambs were up 7¢, at 573¢/kg cwt
  • Trade lambs were up 11¢, on 586¢/kg cwt
  • Heavy lambs were up 12¢, on 592¢/kg cwt
  • The mutton indicator settled 15¢ higher at 381¢/kg cwt

Wagga lamb numbers increased 8% this week, yarding 40,000 head. Forth coming rain saw demand strengthen for trade and export categories, with all buyers looking to secure loads. Supplementary fed lines in shorter skins attracted the strongest competition, with all major export and domestic processors in full operation.

Sheep consignments increased 17% week-on-week, to 9,100 head. Quality was mixed across the offering, with all weights and grades well represented. A dearer trend underlined the sale, however could not be matched by all processors, resulting in a movement toward lighter weight sections.

  • Light weight 2 score old merino lambs settled 10¢ lower, on 561¢/kg cwt
  • Trade weight 3 score old lambs to processors were up 41¢, at 612¢/kg cwt
  • Heavy weight 4 score old lambs to slaughter jumped 38¢, to 613¢/kg cwt
  • Extra heavy weight 4 score old lambs averaged 608¢, up 52¢/kg cwt
  • Medium weight 2 score Merino wethers averaged 405¢/kg cwt

http://www.mla.com.au/Prices-markets/Market-news/Friday-daily-sheep-summary-270516

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