Lamb supply lifts
National lamb supply at markets reported by MLA’s NLRS increased 2% week-on-week. All eastern states realised higher throughput.
NSW lifted supply 3%, while Victoria and SA throughput was 2% and 17% stronger respectively. WA experienced lower numbers with supply decreasing by 26%.
Conversely, national sheep supply was back 51% week-on-week. NSW and Victorian sheep supply was 7% and 34% lower respectively. SA throughput was 5% up, while in WA sheep supply was 46% higher.
Young lambs were evident at most markets, and sold mostly to restocker and processor orders. There are still good portions of old trade and heavy weight lambs with the majority lacking finish. Merino lambs were in greater numbers at Bendigo, Dubbo and SA Livestock Exchange.
Sheep quality continues to be mixed, with percentages of plainer lightweight together with some over conditioned ewes. Demand remains weak, with prices falling as a result.
Lamb prices recoup
At the conclusion of Tuesday’s markets the eastern states restocker lamb indicator was 2¢ lower on 371¢/kg cwt. Merino lambs gained 16¢ to 344¢, while light lambs were 7¢ higher on 373¢/kg cwt. Trade lambs lifted 16¢ to 423¢, while heavy lambs increased 11¢ to 400¢/kg cwt. The mutton indicator finished 33¢ lower on 248¢/kg cwt.
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