Lamb and sheep indicators saw a slight lift this week, with all bar one finishing the week higher than when it started. Reports from major yards all report of a full buying field, who were not fully active in the market. Despite this slight drop in demand, the price across the board has still improved, with finished lambs outperforming the lighter ones as the season continues to mature.
The Eastern States Trade Lamb Indicator closed the week with
a small increase of 2% (9 c/kg), pushing the indicator back above the 600 c/kg
waterline to 604 c/kg. This small increase was due to a 39% (16.3k head)
decrease in trade lamb yardings. Wagga averaged 12% (75 c/kg) above the
indicator and had the 3rd largest contribution to the indicator
behind Ballarat and Hamilton. The saleyard report from Wagga talked of the
large decrease in supply being the “catalyst for a much dearer market”.
The Heavy lamb indicator rose 3% (17c/kg) for the week,
finishing at 635 c/kg. Yardings for heavy lambs were up 8% as the season
progresses and more supply from the paddock now weighing in over the 26kg cwt
comes forward, the requisite for the indicator.
The Merino lamb indicator had the largest jump for the week,
up 11% (48 c/kg), and finished the week at 498 c/kg. Like the heavy lambs, this
was off the back of more lambs in the indicator being offered for sale than the
week before. Yardings for the indicator were up 28% (1.8k head). Merino lambs
are now within 20 c/kg of this time last year, and up 126% (278 c/kg) from the
bottom of the market last year in mid-September.
The National Mutton Indicator also followed the trend this
week finishing the week up 8% (17 c/kg) to 238 c/kg. Yardings were back 10%
(5.5k head) on the previous week. Restocker lambs finished the week at 535 c/kg
up 5%, pushing it 3% (17 c/kg) above where the indicator was this time last
year. Making it the only indicator to be up year on year.
Next week
A short selling week is ahead, with the Good Friday public holiday causing some markets to not take place. The BOM is still not forecasting any significant rainfall for major lamb and sheep areas around the nation, which will continue to plague the minds of producers as they hold out for the autumn break and begin to make decisions about the next season.
The mutton market has held fairly steady throughout the autumn, but it hasn’t experienced the same rebound as lamb in recent weeks. The national mutton
In mid-2022 Mecardo looked at the international supply of sheep meat (albeit from a limited number of countries) showing how lower supply had positively correlated
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In this report for LiveCorp and MLA, we analysed the historical trends in the demographics of the Australian sheep flock, examining domestic factors that influence farm-level enterprise decision making.
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Small wins for big lambs
Next week
A short selling week is ahead, with the Good Friday public holiday causing some markets to not take place. The BOM is still not forecasting any significant rainfall for major lamb and sheep areas around the nation, which will continue to plague the minds of producers as they hold out for the autumn break and begin to make decisions about the next season.
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Data sources: MLA, BOM, Mecardo
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Mutton market still out of step
The mutton market has held fairly steady throughout the autumn, but it hasn’t experienced the same rebound as lamb in recent weeks. The national mutton
Buyers are back baby
The lamb and sheep markets were back in full swing following last week’s shorter selling week. Most notable were the buyers, pushing prices up across
How do the size of yardings move prices in Wagga
Talk to any farmer or local agent, and they will tell you that local supply has an impact on local prices. Many a grower will
International sheep meat supply and lamb prices
In mid-2022 Mecardo looked at the international supply of sheep meat (albeit from a limited number of countries) showing how lower supply had positively correlated
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Independent analysis and outlook for wool, livestock and grain markets delivered to you as it’s published
Listen to the podcast
Join the Mecardo team for the Commodity Conversations podcast, where we provide short weekly market recaps and longer conversations with guests to discuss the drivers and trends in livestock, grain and fibre markets.
Research: Analysis of the Australian sheep flock
In this report for LiveCorp and MLA, we analysed the historical trends in the demographics of the Australian sheep flock, examining domestic factors that influence farm-level enterprise decision making.
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We don’t just bring you the most up to date market insights. Find out more about Mecardo’s services including risk management advisory, modelling, benchmarking, research & consultancy.