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Australian Sheep and Lamb Prices Fall Back

01 August 2014

AUSTRALIA – Markets have slipped across many lamb and sheep products this week apart from the restocker lamb indicator, which inched higher.

This was the main message of Meat and Livestock Australia’s summary of lamb price movements as of Thursday, which saw lamb throughput at Wagga fall 31 per cent week on week.

Regular buyers bid for 29,800 head of lambs for cheaper values overall. Longer wool and lighter lambs were ‘well supplied’ with heavy lambs ‘limited’.

An MLA market analyst said: “There was an excellent selection of around 3,500 new season lambs on offer. New season 3 score trade weight lines were back 8¢ on 549¢, while heavy weight 3 score lines declined 24¢ and averaged 540¢/kg cwt.

“Old light weight 2 score Merino lambs lost 101¢ on 353¢, and 3 score trade weight lines slipped 30¢ on 509¢/kg cwt. Heavy weight 3 score lambs were 36¢ cheaper on 504¢, while extra heavy 4 score lambs lowered 12¢ and averaged 504¢/kg cwt.”

Sheep sales increased 36 per cent to 11,000 head, filling mixed quality yards of weights and grades, with far more shorn ewes and wethers penned.

Medium weight Merino ewes slipped 62 cents on 316 cents, while heavier Merino wethers were back 35 cents and averaged 353 cents per hundredweight.

The lamb indicator revealed that Merino lambs lost 15¢ on 402¢, and light lambs were back 17¢ on 417¢/kg cwt. Trade lambs slipped 8¢ on 481¢, while heavy lambs were 11¢ lower on 498¢/kg cwt. The mutton indicator fell 9¢ to finish on 331¢/kg cwt.

TheSheepSite News Desk

Top image via Shutterstock

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