Market continued its upward trend at Bendigo

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Yarding - 27,900

Biggest yarding for some time at nearly 29,000 head, made up of 16,650 lambs and 11,250 sheep. Influencing supply was the stronger prices and the fact there is now only two markets left at Bendigo before the Christmas and New Year break. It was a dearer lamb sale with more processors active, including one of the major supermarkets which hasn’t operated at this centre for some weeks. Price gains of $5 to $10 were common across the lamb run, although there was spikes of $15 and more in places. The stronger trend was achieved despite lamb quality being mixed, with a lot of stock showing signs of having dried-off and lacking consistent fat cover. The biggest lift in demand was for trade lambs and for restocking and light MK processing types.

Once again there wasn’t a lot of weight available and the few pens of 30kg plus export lambs sold from $160 to a top of $185/hd. Most of the weight was in some older shorn lambs. The lead run of heavy young lambs, 26-30kg cwt, sold from $146 to $171 at a ballpark cost of 560c/kg wt. The heavy trade young lambs $136 to $151, and the neat medium trades $120 to $145/hd. On a carcass basis most good processing lambs were costing from 540c to 580c/kg cwt with odd pens touching on 600c/kg. Restockers and MK lamb buyers competed against each other on light lambs and more sales moved up into the range of $50 to $90/head. The main run of small crossbred store lambs 12-16kg to the paddock averaged $64.

Biggest sheep yarding this spring with 11,250 head. Heavy ewes dominated and there was a lot of weight in the offering. Heavy mutton was firm to a few dollars dearer at $54 to a top of $78, runs of sheep costing processors an estimated 170c to 200c;/kg cwt. The few light sheep were dearer at $34 to $42.

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