Confidence on show at Muchea sale

23 Aug, 2014 02:00 AM
For next week, I think mutton will continue to hold those good prices

SHEEP sales at Muchea Livestock Centre rebounded slightly on last week, where prices dropped $8-$10.

While agents were a little mystified as to why there was such a large fall last week, they said there was more confidence in the market at this week's sale.

Elders auctioneer Don Morgan said there were less sheep on offer this week, which helped push prices upwards.

While lamb prices did suffer last week, mutton prices were holding strong.

Landmark agent Tiny Holly said there had been a real buzz about the industry in recent times, and last week's low prices were not likely to be a long-term occurrence.

"There was a bit more confidence this week," Mr Holly said.

"For next week, I think mutton will continue to hold those good prices."

Mr Holly said he thought the dip in last week's lamb prices, across old season lambs, was due to the transition from old to new season lambs.

"There was confidence in the lanes this week, and no real talk of why there was a dip (last week), but these things do happen from time to time," Mr Holly said.

"Mutton prices were good – so that was pleasing."

Mr Morgan, who attended both Katanning and Muchea trade sales in the past week, said the low of last week shouldn't affect vendor confidence.

"It is not too dramatic, farmers still want more money, but this can happen when changing seasons," Mr Morgan said.

"I wouldn't call it dramatic – it's just an adjustment period."

At Muchea, ewe mutton sold $2-$5 dearer than the previous sale and new season lambs sold to $125 and old season lambs were $107.50, according to Elders.

See this week's full market reports, starting at page 46 in this weeks Farm Weekly.



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