Price rise sees more sheep offered for sale

Larger supplies coming to the market have led to some changes in the overall sheep trade this week and to more caution by the processors on forward pricing for the later days of the week.

While the prices were being largely maintained by the processors at last week’s level for the opening days of this week there was a reluctance by some of the factories to set prices for the later days of the week.

The trade opened on Monday with quotes showing no change from last week at a range of 450-465 cents/kg plus the usual bonus payments for quality.