Prices strong for store influx
IT is getting to that time of the year when store sheep and lamb sales become interesting.
Because of the season in parts of this state there is a strong possibility that there will be some big numbers of store lambs about by the middle of December and at the same time there will be a big number of cull-for-age ewes that will come to the market.
Good news for producers is the level of interest for store lambs is high and certainly it would appear very good prices will continue as the optimism for the lamb industry continues.
Interstate store sheep sales have been booming along with young first cross ewes breaking the $300 barrier and topped at $314 at Corowa, NSW last week.
Although these prices may seem high, I suppose when you look at current lamb, mutton and wool prices it is only right that buyers pay these prices.
Comparisons from last year are interesting. Last week the trade lamb indicator sat at 621c/kg which is 58c/kg higher than the same time in 2016 and Merino lamb price is sitting around 600c/kg which is 71c/ kg higher than last year.
On Monday the mutton indicator finished at 443c/kg which is 79c/kg higher than the same period in 2016. To add a bit more flavour, wool’s benchmark Eastern Market Indicator sits at 1578c/kg which is up 247c/kg on last year.
During this week we saw more lambs come to the market particularly in Western Victoria and the market only moved fractionally with most averages sitting around 610c to 620c/kg carcass weight with strong competition from NSW buyers who are finding it hard to source top quality lambs in their state.
Mutton markets are also sailing along with many sheep quoted above 400c/kg and some averages closer to 430c/ kg dressed weight.
Locally we had more sheep yarded and prices also improved with strong export competition.
It will be interesting to see how quickly the numbers of sheep come to the market given the poor season on the East coast and parts of the Midlands.
The good news is that at least prices are good, remember the years when there was a drought and we were shooting sheep or only getting a couple of dollars for them.