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National Lamb Supply Decreased Seven per cent This Week

30 July 2014
Meat & Livestock Australia

AUSTRALIA - National lamb supply, as reported by MLA’s National Livestock Reporting Service, decreased seven per cent week-on-week, to 109,342 head.

Throughput in NSW was 11 per cent lower on 71,450 head, despite Dubbo continuing to yard very high numbers for this time of year (44,000 head). Yardings in Victoria and SA were two per cent and three per cent higher, on 19,304 head and 10,943 head, respectively.

National sheep supply eased three per cent week-on-week, to 33,036 head. Supply decreased across the eastern states, however in the west, Muchea lifted their yardings to 3,358 head.

Demand weakens

Quality was generally plain across all markets and heavy lambs were limited in numbers. Several processors were not operating this week with reports suggesting some are fully booked, and this, combined with average quality, saw demand ease across all categories. Lambs carrying more condition were least affected by the cheaper market.

Several pens of shorn Merino wethers were yarded at Bendigo and Ballarat and they sold to steady competition. Large consignments of western bred Merino wethers were supplies at Dubbo and mainly sold to southern restockers. The absence of some buyers again saw most categories sell to cheaper trend.

Prices fall

At the conclusion of Tuesday’s markets the eastern states restocker lamb indicator was 38¢ higher on 468¢/kg cwt. Merino lambs decreased 74¢ to 420¢/kg cwt, while light lambs were 56¢ lower on 443¢/kg cwt. The Eastern States Trade Lamb Indicator (ESTLI) slipped to the lowest level since late February, back 53¢ to 495¢/kg cwt, while heavy lambs lost 51¢ to 510¢/kg cwt. The mutton indicator decreased 15¢ to settle on 346¢/kg cwt.

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