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Australian Lamb Prices Higher, Monday

02 December 2014

AUSTRALIA – Lamb prices rose on Monday as two big Victoria saleyards saw quality lift and numbers fall.

Bendigo saw five per cent fewer lambs as “quality improved on the previous sale”.

Dubbo reported fifteen per cent lower lamb supply at 12,310 with quality also being good.

Bendigo saw 14,840 lambs through the gate as Dubbo reported that Merino and Dorper lambs were “well supplied”.

Throughput for top-line new season lambs from southern grazing regions increased at Bendigo, according to analysts at Meat and Livestock Australia (MLA).

They said light lambs attracted bids at the Victoria saleyard. Some classes were 40 – 45 cents dearer.

Sheep prices were “dearer” as consignments dropped by over a third, falling to 6,239 head.

An MLA spokesperson said: “At the close of Monday’s markets, the eastern states restocker lamb indicator increased 8¢ on 483¢/kg cwt. Merino lambs were up 17¢ on 432¢, and light lambs jumped 13¢ on 461¢/kg cwt.

“The Eastern States Trade Lamb Indicator was 11¢ dearer on 493¢, while heavy lambs gained 7¢ on 494¢/kg cwt. The mutton indicator was 7¢ higher and finished on 301¢/kg cwt.”

TheSheepSite News Desk

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