Domestic Lamb

Quality trade lambs sell firm, restocker inquiry strong

Terry Sim, October 13, 2014
These Watervalley Merino lambs, 27kg live 9.8kg cwt, sold for $51 on AuctionsPlus last week.

These Watervalley Merino lambs, 27kg live 9.8kg cwt, sold for $51 on AuctionsPlus last week.

Demand was firm for quality trade lambs in saleyards on Friday, but at prices kept under 480c/kg by processors.

Light and restocking lambs continued to be in strong demand in saleyards and on AuctionsPlus, even though processor forward contract orders were filled earlier in the week.

Meat and Livestock Australia’s National Livestock Reporting Service said the Eastern States Trade Lamb Indicator finished last week on 463c/kg cwt, down one cent, and the heavy lamb indicator closed ta 458c/kg, down two cents.

The national restocker lamb indicator also again reflected the strong demand for lambs to go back to the paddock, lifting 10 cents on Friday to close on 491c/kg cwt. The other lamb indicators were: Merino 393c/kg, up four cents; light 445c/kg, up one cent; trade 461c/kg, down two cents, and; heavy 456c/kg, down two cents.  The national mutton indicator closed unchanged last Friday on 298c/kg cwt.

AuctionsPlus offering increases 19,000

AuctionsPlus offered 57,272 sheep and lambs last week, 19,000 more than the previous week. The offering included one feature lamb sale.

AuctionsPlus market operations officer Anna Adams said Merino ewes approaching joinable age continued to sell well, this week making from $63 to $152, with only one line selling for less than $100. The top price was for 15-month-old Gumhill blood ewes out of SA, closely followed by Bundilla blood 14 month-olds out of the Riverina selling for $151. Old unjoined ewes made $80 to $85, she said.
The only mutton sales for the week were in Tasmania with prices ranging from 286c/kg-292c/kg cwt for recently shorn lines, with processors outpriced by restockers in mainland sales on the limited number of suitable sheep.
Merino wether offerings increased this week with lamb prices steady. 2014 drop lambs sold from $52 to a top of $85 for Narcoota blood unshorn April-May drop lambs weighing 47kg. In the Watervalley Merino lamb sale, lines of wether lambs, 19-27kg, sold for $42-$51.50.

Cheaper lamb market at Griffith saleyards

In NSW at the Griffith saleyards on Friday, the agents yarded 17,300 lambs, 3200 more than last week, and 5200 sheep, 800 fewer.

The NLRS said the quality of the 14,500 new season lambs penned was fair, though there were more store lambs offered. The usual buyers competed in a cheaper market.

New season store lambs sold from $79-$92, light lambs from $78-$93 and trade weights were $4-$5 easier, ranging from $88-$110. Heavy and extra heavy weights also sold $3-$5 easier. Heavy lambs sold from $111-$118 and extra heavy weights from $118-$135. Carcase prices averaged from 451c to 472c/kg cwt.

Old trade weight lambs sold from $83-$106. Heavy weights made $104-$113 and extra heavy weights $115-$148.

The sheep were mostly Merinos and quality was similar to previous sales. Prices eased slightly, with Merino ewes selling from $71-$111. Crossbred ewes ranged from $64-$92.

Griffith agent Don Barbaro said the quality was not in all the lambs yarded on Friday, but restocker inquiry was strong from traders punting on good prices for lambs later in the year.

“It could work out alright for them, but you never know,” he said.

With several areas of NSW suffering from the dry season, there have been a “fair number” of lambs already through saleyards, and producers are less able to hold lambs over into the New Year, he said.

Mutton quality up at Cowra

At the Cowra saleyards on Friday, the agents yarded 9800 lambs, 200 more than last week, and 1200 sheep, 460 fewer.

The NLRS said the very good quality lamb yarding had plenty of finish across all grades. There were mainly trade and heavy weights penned, with the majority being new seasons. There was an increased supply of store lambs suitable for restockers and all the usual buyers operated. Demand was weaker, except for the trade and lighter end which held close to firm.

Light lambs to the restockers averaged from $83-$94 for the better quality. Medium and heavy trade weight new season lambs sold firm to $2 cheaper and averaged from 460c/kg-470c/kg cwt. Most of the heavy trade weights sold from $104-$108. Heavy weight lambs were $2 cheaper for those up to 24kg and from $4-$8 cheaper for the extra heavy weights, averaging from 427c/kg-446c/kg cwt. A couple of pens topped at $135, with an estimated carcase weight of 30kg. The few old heavy lambs averaged 377c/kg-414c/kg cwt or $119/head.

Mutton quality was good. Medium Merino ewes were $2 dearer and averaged $67, or 282c/kg cwt. Heavy first cross ewes were $1 cheaper and averaged $84.80, or 260c/kg cwt. Heavy wethers averaged $88.50, or around 315c/kg cwt.

 Quality trade weight lambs up $5 at Shepparton

In Victoria at the Shepparton saleyards on Friday, the agents yarded 5615 lambs, 735 fewer than last week, and 900 sheep, 50 more.

The NLRS said quality over the yarding was mixed, but the new season lambs were generally good. The regular trade buyers and an additional lamb restocker operated. Prices remained firm for most sheep and the plain to average quality lambs, but were up to $5 dearer for better quality trade weight lambs.

The heavy weight lambs to exporters were mostly unchanged, but light to medium weight lambs to turn out were again dearer, by $10.

Light weight restocking lambs made $63-$96, light trade weights sold from $90-$107 and a pen of medium weight restocking ewes went for $123.50. Processors paid from $84-$92 for light trade weight 2 and 3 score lambs. The medium to heavy weight trade 3 score lambs made $92-$122 and averaged 480c/kg cwt. Heavy 4 score export lambs ranged from $110-$140 and averaged 470c/kg cwt. The 144 old lambs saw medium to heavy weights sell from $78-$95, with a single making $120. Heavy weight hoggets made $80-$92 to be $5-$10 dearer.

The sheep were mainly medium to extra heavy weights, with a run of 2 to 4 scores costing processors an estimated 265c/kg cwt. Medium weight 2 and 3 score ewes sold from $55-$70 and heavy to extra heavy weight 3 to 5 scores made $65-$83. Most heavy weight rams sold from $25-$40, with restockers paying $40-$60 and a small pen of three making $115.

Source: MLA, NLRS, AuctionsPlus.

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