Beyond the Saleyards: Sheep prices subdued as bookings remain tight

National sheep prices remain subdued and are off a good $20 to $30 per head compared with this time last year.

Bookings are still tight, but more space for new season lambs will be available come late September.

Old season lamb demand is scarce and could prove problematic with the expectation of a large new season drop in WA.

The Australian dollar has fallen below 68¢ US from strength in the US dollar, following reports of increasing employment and manufacturing across America.

Unfortunately, the currency moves didn’t seem to help our wool market, with the Eastern Market Indicator falling 12¢/kg.

Cattle prices have again moved higher as demand remains firm from exporters, processors and restockers.

Interestingly, Meat and Livestock Australia’s Eastern Young Cattle Indicator came off 10¢/kg carcass weight.

MLA’s Western Young Cattle Indicator is up 121¢/kg.

Prices, however, will possibly change course as recent rains have led to supply chain disruptions on the east coast.

Processor and feedlot market bids at the start of the week (¢/kg or $/head):

● WA market indices: Weaner steers 594¢, weaner heifers 522¢, yearling steers 572¢, yearling heifers 480¢.

● SA market indices: yearling steers: 548¢, yearling heifers: 540¢.

● East coast processor prices: MSA: steers 770¢, heifers 765¢. Cows 660¢. Jap Ox: steers 740¢, Bulls 545¢.

● Queensland feedlots: Black Angus: 565¢, Black Angus British X: 545¢, Wagyu X Angus: POA.

To contact buyers and for more price information please login to the Agora Livestock Markets app or online at www.agoralivestock.com.au.

Rob Kelly is the founder and managing director of Agora Livestock, a free service with the latest sheep, cattle and goat price grids in one easy-to-use app.