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Tighter Mutton Supplies Push Prices Higher

18 July 2014
Meat & Livestock Australia

AUSTRALIA - Eastern states lamb supplies, as reported by MLA’s National Livestock Reporting Service, eased four per cent week-on-week, to 143,726 head, with large falls in supply recorded in the south. Prices varied this week, and were mainly reflective of quality across most markets.

Meat and Livestock Australia said that atthe conclusion of Thursday’s markets the eastern states restocker lamb indicator jumped 39¢ to 532¢/kg cwt. Merino lambs eased 4¢ to 516¢, while light lambs decreased 5¢ to 509¢/kg cwt.

The Eastern States Trade Lamb Indicator (ESTLI) slipped 6¢ to settle on 552¢, while heavy lambs lost 2¢ to 564¢/kg cwt.

Eastern states mutton supply tightened this week, to 42,825 yarded, with all states reducing their yardings.

The lack of processor competition last week due to some annual maintenance closures was evident in indicative eastern states sheep slaughter levels, falling to 88,013 head - the lowest levels since the last week in April.

The tighter supply did help to boost mutton prices this week, with the indicator 10¢ higher on 361¢/kg cwt.

TheSheepSite News Desk