OPINION: Steady price run in WA continues
It was another steady run for WA sheep and lamb prices last week, with little movement in public bids. V&V Walsh was equal top with Beaufort River Meats at $4.80 on its public grids.
Lambs also remained unchanged at $8 and buyers were looking to source on farm in order to maintain volume. Goat bids remained at $9.50 with BRM.
East coast prices have pushed higher again.
Thomas Foods has a $11/kg US organic lamb contract in South Australia and, in New South Wales, it is bidding at $8.80 for crosbreds and $8.50 for Merino lambs.
In Victoria, $8.30 to $8.80 is widely bid. Sheep Central is reporting a $10/kg lamb contract with Coles.
The goat market has also remained strong, being bid above $10 in all States on the east, with TFI (NSW and SA), Victoria’s Ascot and Cedar Meats and Queensland’s Western Meat Exporters all actively bidding in the market.
East coast cattle markets have also risen again. In Queensland, Teys HGP free grass-fed prices have increased by 5¢ to $5.40 for yearling steers. Grain-fed prices in Queensland are $6 for HGP free and $5.75 for HGP used.
In Victoria, processor prices have increased a further 10¢ to 15¢, with cows and steers bid at $4.80 and better bulls at $4.40 and above.
In WA, Landmark has multiple export orders on the go, including one for milk-tooth Red Angus heifers, delivered late July to its southern depot. Prices are $800 to $900/head.
In the saleyards, while Muchea Livestock Centre had a lower yarding of 900, down by 300, in general volumes across the country have been higher this week. Of the 22 sales on Monday and Tuesday, about 21,500 head were yarded, a rise on the previous week.
For those interested in staying up to date with saleyard reports across the country, commentary and audio reports are now available from LIVEstock Pricing. These can be activated in “Market Update Settings” in the menu.
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