LAMB IN BOX SEAT

20/02/2019 Posted by admin

Joe Wilks
Nanjing Night Net

RIVERINA producers are cashing in on a New Year high for prime lambs.

The opening markets have rocketed to higher levels than at the same time last year buoyed by an escalatingnational restocker lamb indicator.

According to Meat and Livestock Australia (MLA) the restocker indicator averaged 657c/kg for the week which was up 139c/kg on the same time last year.Elders Wagga livestock agent and auctioneer Joe Wilks said the lamb market had certainlyopened higher this year. “Each week we are seeing prices of up to $6 a kilogram,” he said.

Mr Wilks said the demand was being felt across all categories and the market had aligned with meat buyers trying to source orders and restockers also competing to secure numbers.

“We feel that the bigger numbers may not be there, we are a bit concerned that they are just not in the paddock to come in (to sell),” he said.

“A lot of store lambs were bought last year and have been fattened.” He said there was also keen demand from the processing sector to secure numbers.

Mr Wilks said there has been plenty of calls from people seeking to take sheep and lambs on agistment too because the purchase price was high.He said there was dry feed available but some producers felt the market was too dear.

The high prices did stop with lambs either and mutton had commanded some strong competition. Mr Wilks said buyers were looking for sheep with a “jacket” so they could cash in on the high wool price.

MLA figures showMerino lambs lifted 65cto settle on 525c, while light lambs gained 127c to average 600c/kg cwt. The National Trade Lamb Indicator (NTLI) averaged 591c 77c higher year-on-year, while the heavy lamb indicator gained 53c to settle on 581c/kg cwt.

Meanwhile, vendors are set to sell 44,650 sheep and lambs at the Wagga market on January 19.

This story Administrator ready to work first appeared on Nanjing Night Net.

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