Lamb supply across WA physical markets reported by MLA’s NLRS decreased 4% week-on-week, although remained 17% above the corresponding period last year.
This week, Muchea yarded 14% more lambs, while at Katanning numbers fell 25%.
Demand strengthened at Muchea, with the return of a processor.
At Katanning, trade and restocker demand improved.
The WA restocker lamb indicator eased 6¢ week-on-week, to average 419¢/kg cwt.
Despite a lift in Merino lamb supply, the indicator increased 58¢, and averaged 508¢/kg cwt, while light lambs decreased 11¢, to 463¢/kg cwt.
Trade lamb supply tightened, with the indicator up 41¢ on last week at 520¢/kg, while heavy lambs lifted 44¢, to average 501¢/kg cwt.
In contrast, sheep supply lifted 21% week-on-week as both centres recorded an increase.
This impacted the WA mutton indicator which fell 17¢ week-on-week to 310¢/kg cwt.
Light and plainer classes of mutton at Katanning recorded weak restocker interest, while at Muchea export buyers were active on all wether drafts.
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