All Lamb categories cheaper at Bendigo

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Yarding - 23,075

Similar supply but there was issues on the demand side today which resulted in a lot of lambs and sheep coming back by $10 to $20 per head. Two or three domestic orders didn’t operate and export demand was more subdued with a key northern buyer much quieter and not dominating on heavy stock like usual. The weaker trend hit all lamb categories but there was still some solid outcomes for certain types of stock. The best tradeweight lambs with shape still sold OK, as did some of the heavy export lambs which were not overly big. It was obvious today that export buyers did not really want to go above $255 per head regardless of weight. And there was a lot more weight in the export run, with the heaviest lambs estimated up around 38-40kg cwt. Overall the market was erratic and difficult to follow at times, with buyers generally trying to purchase processing lambs under 700c/kg cwt. Store and light lambs were cheaper with less restocker activity.

Just two pens of extra heavy shorn lambs sold above $260 to a top of $264/hd. Most lambs over 30kg cwt from $206 to $250, the average cost still hoovering around 700c/kg cwt but with sales down to 660c/kg. All the other major trade and heavy lamb categories recorded averages below 700c/kg, most trending between 660c to 690c/kg cwt. In dollar terms the 26-30kg cwt crossbred lambs $174 to $218; the 24-26kg heavy trades $162 to $185; and the 22-24kg medium trades from $148 to $170. There was plainer trade lambs, including unshorn sucker types in long wool, which sold in the low 600c/kg price range. Merino lambs were cheaper and were tracking under 600c/kg cwt. The quality of the light lambs was mixed and some nicely shorn small crossbred lambs still sold strongly in places, but average results were cheaper. Most light lambs showing a bit of frame from $70 to $130/head.

There was a noticeable pull-back on heavy mutton with all but one pen of heavy ewes selling under $100/hd. One bigger line of heavy Merino ewes in a skin topped at $102. Heavy crossbred ewes $75 to $97 in an estimated range of 230c to 270c/kg cwt. Lean trade and light sheep held their value better at $40 to $70 for most, some of the lightest mutton still hitting 300c/kg cwt. It meant the majority of the yarding sold in a compressed price of $50 to $80 regardless of weight.

https://www.bendigo.vic.gov.au/Services/Bendigo-Livestock-Exchange