National lamb supply at markets reported by MLA’s NLRS decreased 4% week-on-week.
Inverell’s fortnightly sale attributed to the 2% increase in lamb throughput in NSW.
Victoria recorded a large decline of 18%, while SA throughput slipped 7%. Over in the west, Muchea lifted 10%.
Following the trend, national sheep supply was 6% lower week-on-week.
Most states recorded lower mutton throughput, however Victorian supply climbed 6%.
The quality of the majority of old lambs was fair, with demand and subsequently prices reflecting this.
Trade weight young lambs are in increasing supply and are generally receiving the strongest demand.
There remains a number of heavy weight lambs estimated to weigh over 30kg cwt yarded at Dubbo which made to $136.80/head and averaged closer to 353¢/kg cwt.
The smaller yarding of sheep sold to mixed trends as quality varied.
Competition was kept to a minimum which saw prices ease.
At the conclusion of Tuesday’s markets all indicators had realised a cheaper trend.
The eastern states restocker lamb indicator was 65¢ lower week-on-week on 373¢/kg cwt.
Merino lambs decreased 47¢ to 328¢, while light lambs lost 46¢ to 366¢/kg cwt.
Trade lambs declined 25¢ to 407¢, while heavy lambs were 20¢ lower on 389¢/kg cwt.
The mutton indicator finished 34¢ cheaper on 281¢/kg cwt.
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