Market Report – Prime Sheep & Lamb sale – 2 November

Numbers increased this week with a total yarding of 16,758, which comprised of 7,029 sucker lambs. Usual buyers were in attendance, with the exception of one domestic processor, although not all buyers operated to full competition. A lack of weight in new season lambs resulted in varied competition for some processors. Higher prices towards the end of last week could be a reason for the larger contingent of store lambs between the 38kg – 45kg mark.

Heavy new season lambs topped at $148, to average $113 – $7 cheaper than the previous week. A lack of quality store lambs was evident, with local agents and re-stockers unable to fill required orders.

Once again the mutton market was the shining light. Wethers remained firm. Merino ewes averaged $8 more than the previous week, so to with crossbred ewes averaging $12 more. The increase in mutton prices can be attributed to the added competition from re-stockers seeking sheep to utilise the spring feed, as the store lamb market increases in price.

Market Report: Sam Hunter, Landmark

CLICK HERE to download the SELX Market Report – Prime Sheep & Lamb – 2 November 2016

Photo: Mark (left) & Roger (right) Rayner, of Willowview, Yass with Phill & Lucas of Butt Livestock & Property who sold the 100 XB suckers to a top of $136ph.