Slaughter levels remain elevated across lambs, sheep and cattle, leading to the highest combined eastern states slaughter since 2002 at 642,500 head. Cattle slaughter remained firm while lamb and sheep slaughter increased to 434,461 and 180,507 head respectively. Some processors are reportedly booked out for some months, which is having some impact on demand at the saleyard.
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Slaughter With elevated sheep and lamb slaughter, goat numbers have come back slightly as some processors prioritise other smallstock. Saleyard demand Elevated slaughter and filled contracts at the processors are reducing the need to supplement numbers at the saleyards. This is being reflected at large sales such as Wagga Wagga sheep and Roma cattle. Good quality stock are still fetching a premium price on plainer types. The easing demand is a result of the numbers at saleyards reducing the need for buyers to compete. Restocker demand has also eased with good numbers on-farm after the extensive herd and flock rebuilds. Stock moving directly from the paddock to feedlots and processors is further reducing the need for numbers to be supplemented. This was reflected in an easing of the Feeder Steer indicator, reaching 319.18¢/kg liveweight (lwt) with throughput increasing 40% week-on-week. Mount Barker traded at the highest premium on the national average, at 381.24¢/kg lwt. ...
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