OPINION: Processor prices treading water
WA processor prices remained flat again this week but store markets are continuing to grind higher.
Kingston Rest is bidding $3.40/kg liveweight for crossbred and Merino lambs.
Several processors remain closed for maintenance and due to low stock availability as is often the case at this time of year.
East coast sheep and lamb prices have continued to move higher, as buyers continue to try and keep facilities running.
Thomas Foods in South Australia increased its lamb prices by another 30¢ this week to $8.80 for crossbreds and $8.50 for Merinos.
In New South Wales and Victoria, buyers are still bidding in excess of $9 (about $9.40) for trade lambs and mutton is slightly over $6.
Supermarkets remain the main force in the market.
The goat market also remains well bid with prices ranging from $9.50 in Queensland to $10.30 in Victoria, NSW and SA.
Liveweight prices are also firm at $4.10 on the east coast.
Cattle markets on the east coast have also moved higher again this week.
Teys revised grain and grass-fed prices in Queensland, New South Wales and South Australia all up $0.05 to $0.10 this week.
The top bid in these States is $6.15 for HGP free, grainfed steers.
In Victoria, Victoria Valley Meats increased its prices by up to $0.65 on some over-the-hook grids and there are orders for unjoined Holstein heifers (at 250kg or more) starting at $850/head.
Export markets have remained stable with Brahman orders out of Queensland at $2.70 for steers and $2.30 for heifers.
In WA, the cattle market has started the week off firmer.
And Landmarks Red Angus heifer order remains open at $800 to $900/head.
In saleyards, national throughput across the country for cattle started the week relatively unchanged to last week.
If you’re interested in staying up to date with saleyard reports across the country, the commentary and audio reports are now available in the Livestock Pricing app.
You can activate these in the market update settings section of the menu.
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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