Georgia Nankervis, of Rodwells Wangaratta, with Des O'Donoghue, of Crumplehorn Park, Wahgunyah, who sold 174 new season lambs at Corowa to a top of $150.

Impact of rain a mixed bag

There was a better start to last week with much-needed rain falling over parts of Victoria and NSW.

Just how much influence this rain will have on farmers, restockers, and grain producers is a mixed bag, judging by the comments around the markets.

Producers have had an increased presence in physical markets, which is underpinning prices of well-bred young secondary lambs.

Restockers are using some caution, however, with prices fluctuating at all markets.

Restocker confidence at Wagga Wagga, NSW, dropped a few gears and as a consequence the better bred light weight lambs sold to cheaper trends of $5 making from $78-$121, with the very light weight portion averaging $87.80.

Secondary lambs with weight and frame sold to fewer restockers selling at $120-$145.20.

Trade lambs were cheaper as the market dipped for the first time in many weeks.

The best trade lambs still broke the $170 barrier but most sales were under this mark.

All pens of well-finished fresh lambs averaged 639c/kg.

Buyers limited by price generally paid from $138-$161, a cheaper trend of $3-$8.

There was not a big change in price for heavy lambs, with rates similar to last week due to the limited supplies.

Heavier pens sold from $169-$192.

Rates jumped in the mutton run.

Heavy mutton sold $10 dearer making from $113-$156.

Light and medium grades gained $2-$3 averaging 395-426c/kg cwt.

Lamb values are being pressured by increased supplies at markets of plainer lambs, with Bendigo and Corowa generally a few dollars cheaper for trade and heavy export new season lambs.

The National Livestock Reporting Service noted that at most markets lambs were mixed in quality, with a fair percentage starting to show dryness.

The general trend for young trade lambs at Bendigo was $1-$5 cheaper and sold from $124-$166 to average 625c/kg cwt.

The supply of heavy lambs was limited and they made from $168-$176 averaging 600c/kg cwt.

There were fewer store orders in place, however, the NLRS said any big lines of young, well-bred lambs continued to sell strongly from $108-$122.

Lambs with weight and frame sold at $120-$136.

Ballarat lamb market showed a big increase in supplies.

Quality was very good and competition was solid. While young extra heavy lambs did reach $198, most trade weight drafts made from $125-$162 to average 622c/kg cwt.

Secondary lambs to turnout had better competition and made from $84-$140.

Generally trade mutton was unchanged to dearer in places averaging 408-487c/kg cwt.

Heavy Merino ewes sold $3 easier.  

Would you like to comment on this article?
Thanks for providing feedback.