Bendigo - Restocker interest dropped away heading into winter

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Yarding - 20,560

Similar supply at 13,000 lambs but quality was much plainer with a lot of secondary lambs lacking fat cover appearing. Demand from processors remained subdued with key domestic orders still absent and many buyers quiet. Of note was a northern exporter which had been dominating Bendigo sales but didn’t purchase many lambs or sheep at all this week. Price results for lambs were closely linked to quality. The best heavy and trade lambs, which were in limited supply against the volume of secondary stock, held their value to still average between 670c to 710c/kg cwt. However secondary lambs, particularly those under 21kg cwt, were cheaper again losing $5 to $12. The toughest part of the sale was mixed lots of very small lambs as restocking interest dropped away heading into winter.

Export lambs over 30kg cwt from $211 to a top of $246 for a large line of crossbreds off grain and estimated to weigh 35-36kg cwt. Heavy lambs, 26-30kg, $180 to $218 and there was some dearer sales in this category compared to a week ago due to less supply. Heavy trade lambs $164 to $184. Where the market fluctuated was on plainer trades at $126 to $160, some pens with frame going back to the paddock. Light lambs under 20kg varied from $14 to $120 depending on size and quality.

There was less competition between processors for sheep and most sales lost $5 to $15. Big crossbred ewes $130 to $170 and Merino ewes to $148. Most mutton was estimated as costing from 400c to 460c/kg cwt.

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