Lamb prices down

Lamb market: James Kyle from Elders Leongatha at this year’s second lamb sale at Koonwarra last Wednesday, where prices were lower than expected.

THE second sheep sale of the year saw just over 5000 lambs yarded at VLE Koonwarra last Wednesday, where average prices were around $20 lower than before Christmas.

James Kyle from Elders in Leongatha said a fair percentage of the lambs yarded were store lambs, which have been brought on a little sooner than usual due to the dry, hot weather.

“Store lambs made around $55 to $65 on average and killable animals made about $70 to $85 on average with very limited competition,” he said.

“It is not as good as we would have hoped; nobody is making much money on sheep selling them at those prices.

“The market is a fair way down on this time last year, but that is just the way things go.”

On the positive side, Mr Kyle said there was plenty of competition for the store lambs.

“There were around a dozen buyers, who will take them home, shear them and put them out in the paddock for late autumn or winter markets,” he said.

Short URL: http://thestar.com.au/?p=6129

Posted by on Jan 15 2013. Filed under Rural News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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