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Over-the-hook Lamb Rates Ease

09 April 2014
Meat & Livestock Australia

AUSTRALIA - Although supply remains tight, eastern states over-the-hook lamb rates, as reported by MLA’s National Livestock Reporting Service, eased this week.

Meat and Livestock Australia said that in NSW, trade weight (18-22kg cwt) lambs were back 1¢, to average 571¢/kg cwt, while Victorian rates slipped 5¢, to settle on 580¢/kg cwt.

Heavy weight (22-26kg cwt) lamb prices in NSW were around 3¢ lower week-on-week on 567¢/kg cwt, while they were 2¢ to 6¢ cheaper in Victoria, to average 573¢/kg cwt. SA heavy weight lambs defied the trend to improve 3¢ and average between 567¢ and 573¢/kg cwt.

Mutton rates were generally dearer as demand remained solid. NSW medium weight (18-24kg cwt) sheep were up 4¢, to average 276¢/kg cwt, following rain-induced tighter supply last week.

Victorian and SA medium weight sheep rates also lifted, averaging 295¢/kg cwt and 300¢/kg cwt, respectively – the highest levels since late 2011.

TheMeatSite News Desk

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