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MLA: Australian Markets Show Lamb Price Increases

30 March 2015
Meat & Livestock Australia

AUSTRALIA - Most lamb prices rose at markets last week, write analysts at Meat and Livestock Australia (MLA).

At the close of markets Thursday 26 March, the eastern states restocker lamb indicator declined 7¢ on 507¢/kg cwt. However, Merino lambs were up 14¢ on 465¢, while light weight lambs lifted 3¢ on 483¢/kg cwt.

Trade lambs increased 6¢ on 524¢, while heavy weight lambs were 4¢ higher on 529¢/kg cwt. The mutton indicator finished 6¢ dearer on 339¢/kg cwt.

Lamb supply at Wagga increased 24 per cent, to 31,000 head, with trade weight lambs in reasonable supply and sold to solid demand.

Good numbers of heavy and extra heavy lambs were offered and met very strong competition.

Light weight 2 score Merino lambs averaged 473 Australian cents, while 3 score trade weight lines lifted 27¢ on 557¢/kg cwt. Heavy weight 3 score lambs were 7¢ dearer on 543¢, while extra heavy 4 score lambs were up 22¢ on 532¢/kg cwt.

Sheep throughput was 17 per cent lower, at 5,000 head, and heavy weight lines were limited. Medium 3 score Merino ewes gained 34¢ and averaged 380¢/kg cwt.

TheSheepSite News Desk

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