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Australian Lamb Markets Close 19 Cents Lower, Thursday

17 July 2014

AUSTRALIA – Wednesday’s lamb markets closed 19 cents lower to 526 cents per kilo hundredweight.

The Eastern States restocker lamb indicator remained unchanged for Merino lambs, while light lambs and trade lambs were back two and one cents to 512 cent per kilo and 555 cents respectively.

Average mutton values slipped two cents, finishing on 360 cents per kilo, according to analysts at Meat and Livestock Australia.

Lamb weights and condition was ‘good’ at the Central Tablelands Livestock Exchange, where prices eased 2 per cent week on week.

Lamb consignments at Hamilton were ‘fairly unchanged’ for the week at 5,421.

Quality was mostly ‘plain’ with heavier lambs still on offer, fetching 548 cents/kilo hundredweight, down 15 cents.

Sheep throughput more than halved to 1,038 at the CTLX and halved to 1,608 at Hamilton.

CTLX mid-quality Merino ewes averaged 60 cents higher at 392 cents per kilo hundredweight.

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