Lamb processing numbers stable
The WA lamb market stabilised this week with most bids remaining unchanged.
Processors are typically paying about $6.70 to $6.80 for crossbred lambs. Mutton and hogget prices have continued to ease with prices down 10¢.
While down slightly week on week, the additional supply of sheep and lambs into the market means processing numbers are firm again this week.
WA Meat Marketing Co-operative has consolidated its old and new-season lamb grids as there are virtually no old-season lambs and the supply of new-season lambs has come online. Feedlots continue to be active in the market as they look to shore up stock for future processing.
On the East Coast, prices for lambs were generally unchanged.
The lamb market remains around $7.50 to $8 in Victoria and New South Wales.
There were some movements in mutton and hogget values with most processors increasing slightly.
Thomas Foods International increased its bid in South Australia and NSW, which saw prices up to $5.60 and $6 respectively.
Wodonga-based Ascot Meat Products decreased its mutton price to $6, which is in line with other Victorian processors.
There continues to be demand for cattle in Queensland to fill live export orders, with values for steers and bulls at $3 and heifers at $2.50.
The processing market in Queensland remains firm with Teys Australia increasing its bid by 10¢.
Further south in NSW, Victoria and South Australia, the majority of grids were unchanged.
Victoria Valley Meat Exports, Ascot Meat Products, Thomas Foods International and Bindaree Beef Group were all unchanged.
Following some falls last week, the goat market has stabilised with values in Victoria and South Australia around $8 to $10.
In WA and Queensland, goat values are typically slightly lower in the $8 to $9.50 range.
Gavin Bignell is the operations manager 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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