Bendigo - How low can this go?

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Yarding - 12,780

Similar sized yarding of 9580 lambs, although there was more new season young lambs which accounted for about 1100 head. Demand from the buying group remained dull with not all fully active across the sale. The auction showed a cheaper trend, noting Bendigo was coming off a reasonably strong industry result the previous Monday. Prices for new season lambs dropped $12 to $15 this sale. Old season lambs varied from $5 to $15 cheaper in another very mixed quality line-up.

Heavy new season lambs around 24-28kg cwt sold from $130 to a top of $140/head at an estimated 530c to 550c/kg cwt, with the lead pens showing plenty of freshness and weight. Underneath this was some medium and light trade types at $87 to $122/head. There was no young store lambs for restockers in the line-up.

Heavy export old lambs from $135 to a top of $155; heavy crossbreds 26-30kg cwt from $123 to $139, and heavy trades $113 to $128/head. These good processing lambs were trending between 450c to 480c/kg cwt. Once onto the general run of lambs the market showed a lot of variance based on quality and presentation, with any lambs in long and seedy skins continuing to be harshly treated by buyers. There was a lot of wintery trade and light lambs from $50 to $115 or 320c to 420c/kg cwt. Small Merino lambs down to $21.

The sheep sale fluctuated with most mutton still holding between 200c to 250c/kg cwt, although some extra heavy ewes and very light sheep sold for less than 180c. Big crossbred ewes $61 to $90, heavy Merino ewes $72 to $94; general run of sheep mostly $30 to $65. There was sales below $10/head including for rams.

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