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Australian Lambs Gain Value

31 March 2014
Meat & Livestock Australia

AUSTRALIA - Australia's lamb value metric - the eastern states restocker lamb indicator - lifted seven cents to 487cents/kg cwt last week.

Merino lambs remained unchanged on 477¢, while light lambs gained 5¢ on 488¢/kg cwt.

Trade lambs were back 4¢ on 545¢, and heavy lambs lost 1¢ on 569¢/kg cwt. The mutton indicator rose 12¢, to finish on 323¢/kg cwt.

Lamb consignments at Wagga fell 18 per cent week-on-week, to 27,850 head, largely attributed to the good rainfall received across the supply region.

Quality was quite good overall, although extra heavy lambs were scarce. There was keen restocker and feeder competition for the reasonable supply of secondary lambs offered.

Light weight 3 score lambs sold 29¢ dearer on 522¢, while 3 score trade weight lines were back 27¢ on 561¢/kg cwt. Heavy weight 3 score lines fell 12¢ on 574¢, and extra heavy 4 score lambs eased 4¢ and averaged 585¢/kg cwt.

Sheep throughput declined 28 per cent , to 11,500 head, and there was strong buyer demand for the heavy weight categories.

Medium weight 2 score Merino ewes jumped 71¢ on 372¢, while heavy weight 4 score Merino ewes averaged 363¢/kg cwt.

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