Key points:
- Roma recorded a strong sale with premium cattle on offer and strong restocker demand in the market.
- Markets are steering away from older lambs to new season young lambs.
- Slaughter has eased across the board with the short week last week.
- The Sheep Producer Intentions survey is now open for responses until 16 October.
Indicators
Variability within market indicators is expected to continue. With indicators calculated on a seven-day rolling average and so many markets not running last week, this easing in supply will impact throughput and volatility.
Roma had a very strong sale this week with quality lifting and restocker demand pushing up prices. The premium cattle on offer at the sale led to one pen of heifers topping $3,800/head. Roma traded 59¢ above the national average for the restocker yearling steer indicator, taking out 21% of the contribution.
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