National lamb supply at markets reported by MLA’s NLRS increased 6% week-on-week.
Victorian yardings lifted 24% with the majority of Ballarat and Bendigo’s yarding being new season lambs.
NSW throughput was unchanged, while SA recorded an 11% decrease in supply.
The dry conditions prevail in WA and consequently Muchea’s yarding lifted 89%.
National sheep supply was only 2% higher week-on-week with NSW the only state to record lower throughput.
More plainer lambs
The majority of the lambs yarded so far this week have been plainer quality and lacking freshness. Restockers were active in Victoria mainly sourcing the secondary quality lines. In SA competition was strong from all sectors, with feeder buyers at the SA LE aggressive on light weight and shorn lambs.
Competition was again restricted for sheep with light weights the only class to receive some enquiry.
At the conclusion of Tuesday’s market the eastern states restocker lamb indicator was 8¢ lower on 405¢/kg cwt. Merino lambs lost 8¢ to 304¢, while light lambs decreased 20¢ to 347¢/kg cwt.
Trade lambs were 1¢ lower on 377¢, while heavy weights were unchanged on 381¢/kg cwt. The mutton indicator fell 5¢ to finish on 153¢/kg cwt.
Source: Argentine Beef Packers S.A.
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