Heavy lambs are in demand

20/08/2019 Posted by admin

TO MARKET: Tanya and Gavin Lieschke with their extended family and Paull & Scollard Albury agent Tim Robinson. They sold 46 shorn lambs for $173.60 at Corowa, where numbers increased and quality was good. Demand for lamb is tracking strongly, with sales of extra heavy lambs a highlight.
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Export processors have driven competition over several weight categories in the chase for numbers, which caused a significant step up in rates. Some amazing results were recorded as prices for heavy lambs were pushed over the $200 barrier.

Sheep markets have also begun the year on a solid note, although the industry is still waiting for more signals about supply. A shortage of good quality mutton in NSW has played a key role in the stronger price performance,reflected in sales above 430¢/kg cwt for heavy ewes and Merino wethers.

Prices at Wagga lastThursday followed rising trends, with all categories achieving strong results. A large contingent of buyers pushed prices for trade and heavy lambs above 600¢/kg cwt, according to the National Livestock Reporting Service (NLRS). The tops of the export lambs had more weight than anticipated and shorn lambs made out to $208 to average 565-602¢/kg cwt. The improved quality of the trade lambs meant prices were $17 dearer. Trade weights received from $118-$158 averaging 610-628¢/kg cwt. Processors paid up to $120 for light weight lambs.

Lamb quality and numbers are beginning to tail off at Bendigo. Numbers fell to 6361 lambs on Monday, and the yarding reflected the dry conditions. Most of the better finished recently shorn trade lambs were quoted $10-$20 dearer, with processors determined to fill orders. Medium and heavy trade lambs sold at $136-$163 averaging 620¢/kg cwt.

Lighter trade lambs sold mostly from $115-$134 to average 650¢/kg. Demand was strong, with lambs above 26kg cwt returning $160-$185 to average 568-622¢/kg cwt. Lambs returning to the paddock fetched $90-$124.Light weight lambs purchased by processors sold at $104-$117.

At Dubbo, in a much bigger yarding of just over 21,000, the hot weather did little to deter buyers. Trade lambs benefited from strong supermarket competition gaining up to $10 to average 602¢/kg. Heavy lambs bounced $14, with the greater price lift received for lambs 30kg plus.The top pens reached $204 to average 579¢/kg cwt

On Tuesday, Ballarat felt the effect of ongoing tight supplies, with lambs the hot ticket. Competition for heavy lambs was fierce between exporters and prices surged ahead $8-$15. The feature of the sale was extra heavy lambs – the $214 top price was paid for lambs estimated to weigh over 30kg cwt.

The bulk of heavy lambs averaged 615-623¢/kg cwt. Trade lambs made $125-$156, lifting $12-$15. Rates jumped $9-$11 for well-bred lambs with frame. Lambs returning to paddock topped at $128 to average $112.

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