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Prices Fluctuate as Demand for Older Lambs Weakens

14 August 2014
Meat & Livestock Australia

AUSTRALIA - Eastern states lamb supply, as reported by MLA’s National Livestock Reporting Service, increased 20 per cent week-on-week, to 122,972 head.

Demand fluctuated this week, as older lamb supply tapered and more young lambs were consigned., according to Meat and Livestock Australia.

At the conclusion of Thursday’s markets the eastern states restocker lamb indicator was 91¢ higher on 499¢/kg cwt. Merino lambs eased 18¢ to 381¢, while light lambs gained 23¢ to 417¢/kg cwt.

The Eastern States Trade Lamb Indicator (ESTLI) was 18¢ lower on 475¢, while heavy lambs slipped 25¢ to 481¢/kg cwt.

Eastern states mutton supply was seven per cent higher week-on-week, at 45,757 head. Restocker enquiry at Wagga was strong on younger crossbred ewes in lamb, however, prices were mixed and largely dependent on quality.

The mutton indicator lifted 15¢ to settle on 330¢/kg cwt.

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