Bendigo - Sheep and Lamb market under pressure

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Yarding - 11,750

Market is still under pressure with five or six processors not even fielding buyers today. There was a cut to supply with just 9200 lambs and 2500 sheep, although quality was mostly on the plain side with the exception of a few runs of fed lambs. All stock were cheaper with lambs another $5 to $20 off last Monday, but in reality this sale was not much worse than how the market was performing late last week. Most of the better processing lambs showing reasonable finish and weight were between 600c to 650c/kg with just a few stand-out lines higher to around 680c/kg. Secondary and light lambs did face a tough market and fluctuated in the 400c and 500c price brackets.

Export lambs sold to $228 for a pen estimated around 34kg cwt, but sales over $210 were limited. The heavy 26-30kg crossbreds $170 to $204 to average around $184/head. Heavy trades $150 to $180 and mediums $130 to $150, these domestic lambs trending between 610c to 640c. Demand for light and secondary lambs continued to wane at $50 to $120 for the reasonable types, the poorest down to $5.

The sheep market was significantly cheaper with key buyers not active. Heavy crossbred ewes $86 to $115 and Merino ewes to $102. The general run of reasonably presented sheep $40 to $80, but secondary lots under $20 at times. Better mutton was in a range of 230c to 300c/kg cwt

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