National lamb supply at markets reported by MLA’s NLRS decreased 10% week-on-week. NSW and SA recorded a 14% and 4% decline respectively in lamb yardings, while a 1% gain was recognised in Victoria.
In WA, Muchea supply decreased 63% due to the weaker prices of the previous week.
National sheep supply was 6% lower week-on-week. Despite the decline, NSW supply was 11% higher, while all other states throughput reduced.
Restocker interest lifts
With the appearance of more new season lambs, quality overall was good. Restocker interest lifted at most centres on store condition lambs, despite the current seasonal conditions. There were mainly light and trade weight lambs penned, with a distinct lack of heavy weight lambs in the market.
Sheep quality remains mixed. Restockers in SA provided some interest on lightweight ewes, while processor competition was steady.
At the conclusion of Tuesday’s markets all eastern states indicator realised a cheaper trend. The eastern states restocker lamb indicator was 14¢ lower on 399¢/kg cwt. Merino lambs lost 33¢ to 299¢, while light lambs decreased 20¢ to 358¢/kg cwt. Trade lambs were 32¢ weaker on 408¢, while heavy lambs declined 22¢ to 402¢/kg cwt.
The mutton indicator finished 13¢ lower on 223¢/kg cwt.
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