Farm Tender

Demand lifted on low supply at Bendigo

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Yarding - 14,500 (-6500)
Lambs - 10,500 (-3000)
Sheep - 4000 (-3500)

Supply dropped again following last Monday's cheaper market, with just 10,500 lambs and 4000 sheep yarded - 6000 less. There was more weight and quality in the export run this week with some impressive 30kg cwt plus lambs on offer. In contrast the supply of genuine trade weighted lambs in slaughter condition was very limited. Demand lifted with several buyers who had been quiet or absent showing more interest in capturing some market share. Lamb prices were $5 to $18 dearer in a fluctuating sale, with some of the best results recorded late in the auction. The mutton sale was $10 to $30/head dearer with the heaviest ewes gaining the most thanks to multiple export orders operating again.

Heavy shorn lambs over 30kg cwt from $250 to a top of $280, the average cost for processors lifting to an estimated 800c to 820c/kg cwt. Heavy lambs, 26-30kg, from $230 to $260/head, the main run of fat score 4 crossbreds in this category averaging $245/head. Neat trade lambs were very limited with the best 24-26kg cwt from $200 to $239 followed by $180 to $200/head for medium domestic pens. Most of the better presented trade to heavy lambs sold in a range of 800c to 880c/kg cwt, noting there was still sales below 780c for plainer types or odd pen lots of a few head. Fed Merino lambs sold to a top of $228. Store lambs sold strongly at $155 to $177/head for the better framed types in a dearer result.

The small yarding of sheep sold to much more robust demand compared to a week ago. Heavy crossbred ewes to $210 to average around $200/hd. Better lines of Merino ewes $135 to $198; better framed light sheep $75 to $125; secondary light ewes down to $36/head. Good lines of mutton were estimated as costing buyers over 600c/kg cwt again.