SHEEP & LAMBS
August 5. Yarding: 8489. Change: down 7411. Lambs: 6502. Change: down 4318. Sheep: 1987. Change: down 3093.
There was a very small yarding, with last week's significant price correction resulting in agents yarding approximately half the numbers of sheep and lambs. The quality was mixed across all weights and grades and there were some good size new season lambs finished on crop creating some interest from processors at the commencement of the sale.
Processors, feedlots and restockers all participated in the market, with some lots, similar to last week, not reaching a desired price and agents opting to pass them in. The market was cheaper across most categories. The small number of trade weight new season lambs made from $170 to $215/head, or from 840c to 849c/kg. Light and medium trade lambs eased a further $17 this week, selling from $154 to $202/head. Limited numbers of heavy trade lambs were offered, with prices easing a further $13 to make from $208 to $218/head, averaging 889c/kg. Light lambs remained firm with MK bag lambs to sell from $126 to $161/head. Supply eased along with competition for solid, well finished heavy lambs suiting the export and domestic market. Despite the quality, prices eased $16 to sell from $220 to $224/head. There were limited pens of extra heavy export lambs offered, which again saw limited competition resulting in prices easing by $5/head. Lambs weighing over 26kg made from $232 to $263/head, to average 842c/kg. Few numbers of mixed quality mutton was offered. Well finished heavy 4 score cross bred ewes made from $150 to $210/head, averaging 558c/kg. Merino 4 score ewes sold to $172, to average 579c/kg.
August 8. Yarding: 44,000. Change: 9000. Lambs: 33,000. Change: 9000. Sheep: 11,000. Change: 0.
Numbers improved as producers rushed to offload old lambs, with prices easing at other selling centres. The market for trade lambs strengthened as the market progressed for shorn old lambs, with plenty of long bidding rallies for the correct article. There were 3,000 new season lambs offered and all sold to stronger competition. Restocker activity was almost non-existent, as producers wait for new season lambs to hit the market. There were just over 11,000 Merino lambs penned and prices were quite variable. The usual field of buyers were at the rail however, not all were operating, or buying to capacity. Competition for trade lambs strengthened over all weight categories.
Processors paid premium prices for shorter skinned old lambs increasing notably at times throughout the sale. Heavy trade 22-24kg lambs sold $5 dearer, making from $195 to $237/head, to average 931c/kg cwt. New season lambs quality was outstanding and price increases were recorded for all categories. The trade lambs portion gained $10, while the heavy portion regained last week's losses, improving $17/head to average 874c/kg cwt. Merino trade lambs sold to a large group of buyers and most classes sold to dearer trends. Merino trade lambs sold from $150 to $224, while light lambs suitable for export made from $102 to $160/head. Despite less buying competition heavy lambs 24-26kg were $6 dearer, selling from $215 to $246/head. Buyers were more cautious when competing for the extra heavy lambs. Lambs 26-30kg cwt sold unchanged to a few dollars dearer, averaging 902c/kg cwt. Lambs weighing over 30kg cwt averaged $6 cheaper, selling from $278 to $307/head. It was a similar sized yarding of mostly medium and heavy weight sheep.
NVLX AGENTS DRAW
Tuesday and Wednesday
1 Peter Ruaro Livestock
3 Paull Scollard Landmark
4 Brian Unthank Rural
5 Ray White Rural Albury
6 Corcoran Parker
7 Schubert Boers