Market Report – Prime Sheep & Lamb sale – 30 November

Numbers continue to rise with agents yarding just under 30,000 sheep and lambs including 10,000 new season lambs. Quality was mixed and all the usual buyers operated with the addition of one major exporter in a firm to dearer market.

Heavy new season lambs sold to a firm trend, with processors paying $134 to a top of $155.60. Trade weight lambs saw prices lift $8-10 with buyers paying a distinct premium for lambs showing freshness in their skins. The trade weight new season lambs sold $118 – $136. The re-stocker market continues to be the strength of the lamb trade, with both local and interstate producers showing great confidence in the sale yard prices being achieved.

Store lambs sold to a fully firm trend with the medium weights $93-$113, the very lightweight run of crossbred lambs sold $68-$88. Merino lambs sold $76- $108 with the lighter weight making $64-$78.

The mutton market continues to sell to strong demand, including competition from processors and local re-stockers. Crossbred mutton sold to a top of $118, with most selling $96 to $115. Merino wethers sold $93 to $116 with the lighter and re-stocker types selling $76 to $88. Merino ewes topped at $110, with large premiums being paid for sheep carrying longer skins. Hoggets topped at $137.

Market Report: Oliver Mason, Elders

CLICK HERE to download the SELX Market Report – Prime Sheep & Lamb – 30 November 2016.

Photo: Daniel Croker, Landmark Goulburn sold 2nd X Lambs on behalf of Gilmour Station, Lake Bathurst to a top of $146.5ph.

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