Livestock Market Update: Keen interest in South Island on-farm lamb sales
Good feed conditions driving steady demand for store lambs
With plenty of rain over Christmas, especially in South Canterbury, North and East Otago where it was sorely needed, farmers throughout the South Island are benefiting from good feed conditions.
Based on that confidence, demand at the South Island on-farm lamb sales is strong, and expected to remain steady until at least mid-February.
Farmers in all districts are looking for store lambs, with interest in Otago and Southland particularly evident.
Since the pre-Christmas backlog of ewes and lambs waiting to go to the works cleared up, the market indicators for lamb seem consistent, and anyone offering store lambs for South Island sale can anticipate good prices for the next several weeks.
Positive feed conditions have also resulted in satisfactory results to date at cattle sales.