Friday daily sheep summary

Lamb numbers declined this week at Wagga, with 29,000 head yarded. Quality also declined, with plenty of the trade and light lambs showing dryness and as a result, price trends tended to be mixed. Buyers paid a premium for shorn drafts of heavy lambs while plainer types attracted substantial discounts and restocker competition was steady for light weigh well-bred lambs.

Mutton numbers lifted to 9,000 head in a mixed quality offering and Merinos were keenly sought after.

• 3 score trade weight old lambs to processors eased 16¢, averaging 631¢/kg cwt
• Heavy weight, 4 score old lambs to processors also eased 16¢, selling between 303¢ and 663¢ and averaging 615¢/kg cwt
• Medium weight, 2 score Merino ewes averaged 386¢, up 3¢/kg cwt

At the close of Thursday’s markets:

• The eastern states restocker lamb indicator averaged 667¢, declining 9¢/kg cwt from the previous day.
• Merino lambs averaged 558¢, back 5¢/kg cwt
• Light lambs averaged 600¢, back 7¢/kg cwt
• Trade lambs averaged 611¢, back 8¢/kg cwt
• Heavy lambs eased 4¢, averaging 611¢/kg cwt
• The mutton indicator settled 5¢ cheaper, at 422¢/kg cwt

For the full list of sheep market reports, please click here. 

Note: All yardings and prices referenced are from MLA reported saleyards