Sheep and Lamb prices surge at Bendigo

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Yarding - 12,150

Slight drop in numbers to 8500 lambs and 3650 sheep. Competition improved with four buyers who were absent last week returning. The lamb market was dearer, although there was hot and dull patches of selling depending greatly on if one export buyer could operate fully. Good processing lambs over 24kg cwt averaged $8 to $20 dearer. However light lambs, particularly secondary types, were often cheaper. Merino lambs lacking weight and fat cover also received weak support. The highlight of the sale was a $30 to $40/head price spike for sheep, due mainly to one southern exporter who was short of kill numbers today and was loading out sheep as the sale progressed.

Export lambs over 30kg cwt sold from $215 to a top of $247 for around 36kg cwt. Heavy crossbred lambs, 26-30kg, $173 to $225 and heavy trades $163 to $179. These processing lambs showed a spread of 630c to 750c/kg cwt, with the main weight and grade categories improving to average between 680c to 720c/kg. Best medium trade lambs $140 to $178, again with a big cwt price spread to trend around 650c. Light processing and MK lambs from $70 to $130.

Sheep prices surged $30 to $40, some of the best gains evident for light mutton. It came as a couple of processors pushed for numbers, while the dearer rates kept other orders quiet. All the main categories of sheep averaged over 400c/kg cwt. Heaviest crossbred ewes $134 to $177 and Merino ewes to $134. Lot of sheep from $70 to $120/head.

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