Subscribe to The Weekly e-newsletter
For in-depth red meat market news, information and analysis.
Thursday daily sheep summary
12 May 2016
Lamb consignments at CTLX decreased 4%, to 6,250 head. Quality was good across the yarding, with both heavy and trade weight categories well supplied. All the regular buyers attended, with market conditions holding firm week-on-week.
Mutton numbers declined 17%, to 3,400 head. Most grades were represented in what was a fair quality yarding. Major categories trended dearer, with Merino wethers in full wool selling strongly.
- Trade weight 4 score old lambs to slaughter were up 39¢, on 587¢/kg cwt
- Heavy weight 4 score old lambs were 25¢ dearer, averaging 581¢/kg cwt
- Light weight 2 score Merino ewes averaged 363¢, up 40¢/kg cwt
- Medium weight 3 score Merino wethers averaged 383¢, up 61¢/kg cwt
Lamb throughput at Hamilton increased 25%, to 5,567 head. Quality varied from good to average in a mixed yarding. The usual buyers were in operation, with some eager to fill orders in a dearer market overall.
Mutton numbers increased 8%, to 3,197 head. Buyers operated keenly throughout the sale, with light and heavy weight lines selling to particularly strong demand.
- Light weight 2 score old lambs to slaughter were 31¢ dearer, on 589¢/kg cwt
- Trade weight 4 score old lambs averaged 565¢, up 18¢/kg cwt
- Extra heavy weight 4 score old lambs averaged 538¢/kg cwt
- Medium weight 3 score first-cross ewes averaged 333¢, up 10¢/kg cwt
At the close of Wednesday’s markets:
- The eastern states restocker lamb indicator finished on 543¢, up 11¢/kg cwt on where it finished the previous day
- Merino lambs were up 4¢, at 498¢/kg cwt
- Light lambs were up 8¢, at 536¢/kg cwt
- Trade lambs were up 9¢, to 542¢/kg cwt
- Heavy lambs were up 5¢, at 542¢/kg cwt
- The mutton indicator jumped 5¢, to 345¢/kg cwt
For the full list of sheep market reports, please click here
Note: All yardings and prices referenced are from MLA reported saleyards.
