Prices strong for store in­flux

Tasmanian Country - - THE STOCK REPORT - Richard Bai­ley

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.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.