Market Report – 22 May 2019

Total Yarding: 14,989

Lamb numbers were slightly stronger and the quality was good, with a nice run of trade weights, a few stores and a much larger run of heavy and extra heavy lambs. Merino lamb numbers lifted and most were lighter weights, along with some very neat shorn trades. All the usual buyers were operating in a dearer market.

Restockers paid from $140 to $169/head for lambs to feed on. The 2 score processing lambs received from $132 to $148/head. Trade lambs to 24kg were $4 to $8 dearer, making from $154 to $199/head. Carcase prices averaged from 780c to 840c/kg. The 24-26kg lambs sold from $190 to $214/head. Lambs over 26kg made from $211 to a top of $275 or from 750c to 820c/kg cwt on average, gaining $20/head. Merino lambs made from $143 to $190/head.

Mutton numbers eased and the quality was good. Merino ewes made up the bulk and prices were dearer. Medium weight ewes received from $122 to $154/head. Heavy crossbred ewes sold from $189 to $250, lifting $30/head. Merino wethers reached $205 and crossbred wethers $258/head. The better covered sheep averaged from 650c to 680c/kg cwt.

Market Report: MLA’s National Livestock Reporting Service.

Photo: Ray White Livestock selling 51 XB Lambs on behalf of Derneveagh Pastoral Co, Harden to a market top of $275.2ph.

Click here to download the full SELX Market Report – Prime Lamb & Sheep sale – 22 May 2019.