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Lamb Prices on Autumn High

29 May 2015
Meat & Livestock Australia

AUSTRALIA - National lamb sale yard throughput eased 11 per cent during autumn, totalling 2,289,474 head, as eastern states lamb availability tightened, according to Meat and Livestock Australia.

Average seasonal conditions were noted in the majority of the eastern states during autumn, while the west recorded ‘above average’ rainfall.

New South Wales supply was seven per cent lower than autumn last year, to 1,201,040 head, while South Australia consignments declined 33 per cent, to 188,285 head.

Offerings in Victoria fell 13 per cent, to 692,287 head, while WA supply lifted marginally, to 193,160 head.

The tighter availability during autumn assisted lamb prices, however most indicators were lower year-on-year.

The national restocker lamb indicator decreased 11¢ from autumn last year, averaging 505¢, while Merino lambs fell 16¢ to 483¢/kg cwt.

The light lamb indicator gained 6¢ year-on-year, to 513¢, while the heavy lamb indicator eased 40¢ year-on-year, averaging 544¢/kg cwt.

Although prices averaged lower during the 2015 autumn, the national trade lamb indicator remained 19¢ above the five-year average (505¢) on 524¢/kg cwt.

TheMeatSite News Desk

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