The majority of the Agricultural districts recorded another week of fine, dry and warm weather.
The dry conditions coupled with the warmer temperatures continued to increase the haying off process in crops and pastures with harvest activity on the rise.
The tough market conditions that have been experienced over the past six or so months continue with processors continuing to have large numbers available to them direct and quiet demand out of wholesale markets.
The full booking levels currently must be tempered by the fact that there are several export processors closed, with reports that one may open in the early parts of next month.
Yardings increase
There was an increase in physical market numbers with both weekly markets recording higher levels. Despite this, supplies remained historically low for this time of year.
This has been due to the current weak demand which continues to influence producer’s marketing decisions against using this type of selling, preferring on farm or direct to works sales.
Ewe mutton remained the largest category to be offered with new season lamb supply totalling 3,000 head. Merino lamb volumes were fair while ewe hogget and wether numbers remained limited.
Lower feeder wether prices
Trade demand for new season lambs was again constricted with further price falls of between $5 to $8/head recorded.
These lower values again allowed feeders and restockers the ability to operate, while lightweight and store quotes remained similar.
Ewe mutton values were marginally cheaper, while there was a further constriction in finished and store wether values under pinned by the uncertainty of the live export sector.
There was also a reduction in prices for live export sales with wether prices now between $55 and $60/head on a delivered to feedlot basis.
Source: Argentine Beef Packers S.A.
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