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Prices Fall on Larger Lamb Consignments

24 July 2014
Meat & Livestock Australia

AUSTRALIA - Eastern Australian states lamb supply, as reported by MLA’s National Livestock Reporting Service, increased 19 per cent week-on-week, to 170,536 head.

 

The larger supplies were mostly out of NSW, with supply up 23 per cent, to 134,160 head, and significantly larger yardings for this time of year were recorded at Dubbo (40,000 head) and Wagga (43,300 head).

The higher supply saw all indicators this week tumble and at the conclusion of Thursday’s markets the eastern states restocker lamb indicator fell 99¢ on a week ago to 433¢/kg cwt, the lowest level since February. Merino lambs decreased 29¢ to 487¢/kg cwt, while light lambs eased 16¢ to 493¢/kg cwt.

The Eastern States Trade Lamb Indicator was 16¢ lower on 536¢/kg cwt, while heavy lambs slipped 18¢ to 546¢/kg cwt.

Eastern states mutton supply lifted 11 per cent week-on-week, to 47,680 head, with the rise in supply attributed to SA and Victorian markets.

There were also some large consignments of plainer quality sheep from Queensland yarded at Dubbo. The mutton indicator closed Thursday 4¢ lower on 357¢/kg cwt.

TheMeatSite News Desk



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