Beyond the Saleyards — Lamb firms on strong bidding
The spot lamb market was firm in WA last week with Beaufort River Meats bidding 820¢ for new-season trade lambs.
Forward markets were also well supported with V&V Walsh offering August and September contracts at similar levels to the spot market.
The mutton market remains bid at 640¢.
On the east coast, Thomas Foods remains in the market at 760-780¢ levels, depending on the State and delivery time.
Forward lamb markets have seen strong selling interest for the 880¢ contracts offered over the past month by multiple processors.
Mutton on the east coast remains at a premium to WA with bids about 700¢ in the spot market.
The wool market finished last week slightly weaker with the EMI closing down 3¢ at 1420¢.
East coast goat markets were unchanged at 960¢ for exporters and over 1000¢ for local demand (butchers).
Grass-fed cattle prices on the east coast moved higher last week, with steers are now bid 700¢, heifers 695¢, cows 630¢ and bulls 560¢.
Grain-fed prices are also seeing increased support with Teys bidding 720¢ for steers in NSW.
In Victoria, JBS is bidding 800¢ or better for MSA steers.
Other processors have also increased their bids over the past week.
Unlike the processor markets, northern export markets had a relatively quiet week, but prices remained supported about 380¢ for steers, and bulls about 360¢.
Processor and feedlot market bids at the start of the week (¢/kg or $/head):
East coast processor prices: 100- day grain-fed (HGP free): steers 720¢, heifers 715¢. Grass-fed: steers 700¢, heifers 695¢, cows 630¢, bulls 560¢.
Queensland feedlots: Black Angus: 515¢, Black Angus British X: 505¢, Wagyu X Angus: POA.
Queensland export orders: Feeder steers 380¢, slaughter steers 360¢. Feeder bulls 360¢, heifers 375¢, cows 290¢.
NSW feedlots (steers): British, Euro X, Flat Back: 465¢, XB 445¢.
China export orders: Heifers (unjoined): Friesians $2100 Holstein (200+ kg, no blood tests) $1000 -$1200. Red Angus $1300. Jersey unjoined heifers (200kg) $1300.
Full price grids and details for all these orders are available in the LIVEstock Pricing app and online.
Rob Kelly is the Founder and managing director of LIVEstock Pricing, a free service with the latest sheep, cattle and goat price grids in one easy-to-use app.
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