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Australian Lamb Supply Tightens

22 May 2014
Meat & Livestock Australia

AUSTRALIA - Prices have been mixed this week across Australian markets but a widespread tightening of demand has been noted.

Sheep Supply Increases

SA lamb supply, as reported by MLA’s National Livestock Reporting Service, eased 8 per cent week-on-week, to total 18,813 head.

Mount Gambier lamb supply decreased 26 per cent, to 2,099 head, while Naracoorte throughput slipped 19 per cent, to 3,443 head, write Meat and Livestock Australia market analysts. The SA Livestock Exchange yardings remained firm.

SA sheep supply increased 26 per cent week-on-week, to total 5,875 head. Mount Gambier mutton throughput was firm, while supply at Naracoorte was 17 per cent lower at 1,019 head and the SA Livestock Exchange yarded around 4,700 head.

Restockers Active on Lambs

Restocker buyers at Naracoorte and Mount Gambier were prominent and helped to lift prices, this was also aided by stronger processor demand. Quality was generally good at the SA Livestock Exchange and feeder buyers were animated on suitable lines, while restockers were cautiously active.

There were fewer light weight sheep offered at Naracoorte. There was reduced processor competition at the SA Livestock Exchange and restockers were also reluctant to operate.

Prices Showed Mixed Trends

Light weight 2 score lambs to feeder buyers were 12¢ dearer on 665¢, while Merino lambs were 58¢ cheaper on 394¢/kg cwt. Light weight 2 score lambs to restocker buyers were 42¢ higher on 595¢/kg cwt. Trade weight 3 score Merino lambs eased 25¢ to average 471¢, while those to slaughter gained 1¢ to 525¢/kg cwt.

Heavy weight 4 score lambs to slaughter were 3¢ dearer on 559¢, while extra heavy weight 4 score lambs to slaughter slipped 5¢ to average 586¢/kg cwt.

Light weight 2 score Merino ewes decreased 48¢ to settle on 319¢, while heavy weight 3 score Merino ewes eased 56¢ to 303¢/kg cwt. Medium weight 3 score Merino wethers were 79¢ cheaper on 311¢/kg cwt.

TheMeatSite News Desk

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