New season lambs were keenly sought after this week in the east, while processor capacity issues dampened buyer activity in the west.
Despite another week of torrential rain in many parts of the country, new season lambs hitting the market were keenly sought by buyers. Prices lifted in NSW despite a surge in supply. In WA the extra lambs were not as enthusiastically sought after as in the east, as processor throughput and capacity issues dampen trading activity there according to MLA reports.
The Eastern States Trade Lamb Indicator lifted 5¢ on the week to finish at 772¢/kg cwt, 13% below the same time last year and 7¢ above the 5-year average. In WA, trade lamb prices took a dive, down 71¢ to 483¢/kg cwt , with reports from MLA that large volumes of new season lambs are placing downward pressure on prices. National Heavy lambs improved again this week, up 21¢ or by 3% on the week prior to 784¢/kg cwt, with all eastern states indicators lifting, whilst in WA Heavy lambs lost 54¢ and finished this week at 499¢/kg cwt.
Light Lambs performed well, up 35 ¢ (+5%) to 725¢/kg cwt with higher quality new season lambs from NSW performing strongly averaging prices north of 800¢ and up 30¢ on the week prior despite the surge in supply. National restocker lambs shot up 54¢ to finish the week at 800¢/kg cwt, with NSW again performing well with an average price of 856¢/kg cwt. The Merino lamb indicator fell on the back of a lower contribution, down by 45¢ to finish the week at 628¢/kg cwt.
Mutton had a poor week losing 32¢ down to 478¢/kg cwt as processor’s prioritised the surge in lambs, with the indicator now 18% behind the same week of last year.
The first week in October saw east coast lamb and sheep slaughter reaching a combined 420, 556 head, nearly 10,000 lower than the week prior and nearly 30K head less than the 5-year average. The biggest drop in slaughter came from sheep, down 8% on the week prior to 89,604 head processed, while lamb slaughter was stagnant at 330,952 lambs processed. Lamb slaughter for last week was 21% higher than the same week last year.
Wet weather dampened saleyard throughput last week as lamb yardings fell 33% on the week prior, to 125,179 head on the east coast while sheep yardings stayed relatively steady only falling 4% to 51,926.
The week ahead….
Floods in parts of south-eastern states will no doubt put a brake on yardings as producers prioritise welfare of their livestock and safety whilst mitigating flood damage. With strong buyer activity this week, and supply constrained, we might see some upwards pressure on lambs still to come.
It has been a pretty devastating weekend in many Victorian sheep-growing areas, with fires raging through some prime sheep and cattle country. The consequences will
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.
Our team of market analysts are recognised as leaders in Australian Ag market analysis, providing invaluable insights to help you navigate the ever-changing commodity landscape.
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.
A tail of two states
Despite another week of torrential rain in many parts of the country, new season lambs hitting the market were keenly sought by buyers. Prices lifted in NSW despite a surge in supply. In WA the extra lambs were not as enthusiastically sought after as in the east, as processor throughput and capacity issues dampen trading activity there according to MLA reports.
The Eastern States Trade Lamb Indicator lifted 5¢ on the week to finish at 772¢/kg cwt, 13% below the same time last year and 7¢ above the 5-year average. In WA, trade lamb prices took a dive, down 71¢ to 483¢/kg cwt , with reports from MLA that large volumes of new season lambs are placing downward pressure on prices. National Heavy lambs improved again this week, up 21¢ or by 3% on the week prior to 784¢/kg cwt, with all eastern states indicators lifting, whilst in WA Heavy lambs lost 54¢ and finished this week at 499¢/kg cwt.
Light Lambs performed well, up 35 ¢ (+5%) to 725¢/kg cwt with higher quality new season lambs from NSW performing strongly averaging prices north of 800¢ and up 30¢ on the week prior despite the surge in supply. National restocker lambs shot up 54¢ to finish the week at 800¢/kg cwt, with NSW again performing well with an average price of 856¢/kg cwt. The Merino lamb indicator fell on the back of a lower contribution, down by 45¢ to finish the week at 628¢/kg cwt.
Mutton had a poor week losing 32¢ down to 478¢/kg cwt as processor’s prioritised the surge in lambs, with the indicator now 18% behind the same week of last year.
The first week in October saw east coast lamb and sheep slaughter reaching a combined 420, 556 head, nearly 10,000 lower than the week prior and nearly 30K head less than the 5-year average. The biggest drop in slaughter came from sheep, down 8% on the week prior to 89,604 head processed, while lamb slaughter was stagnant at 330,952 lambs processed. Lamb slaughter for last week was 21% higher than the same week last year.
Wet weather dampened saleyard throughput last week as lamb yardings fell 33% on the week prior, to 125,179 head on the east coast while sheep yardings stayed relatively steady only falling 4% to 51,926.
The week ahead….
Floods in parts of south-eastern states will no doubt put a brake on yardings as producers prioritise welfare of their livestock and safety whilst mitigating flood damage. With strong buyer activity this week, and supply constrained, we might see some upwards pressure on lambs still to come.
Have any questions or comments?
Click on graph to expand
Click on graph to expand
Click on graph to expand
Data sources: MLA, Mecardo
Categories
Have any questions or comments?
Flock forecast to rise in 2026
After two record breaking years of sheep and lamb production, supply has already started to slightly contract so far in 2026. There are plenty of
Heat pushes numbers up and prices down
Sheep and lamb prices felt the pressure of increased supply this week, with all categories closing in the red. Extreme heat across the country pushed
Lamb a little weaker, mutton a little stronger
It has been a pretty devastating weekend in many Victorian sheep-growing areas, with fires raging through some prime sheep and cattle country. The consequences will
Record annual average prices for lamb
The final week of saleyard trading for 2025 saw lamb prices strengthen across the board as a result of the lowest yardings since October. The
Want market insights delivered straight to your inbox?
Sign up to the mailing list to get regular updates to new analysis and market outlooks
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.
MEET THE TEAM
Our team of market analysts are recognised as leaders in Australian Ag market analysis, providing invaluable insights to help you navigate the ever-changing commodity landscape.
SERVICES AND CAPABILITIES STATEMENT BROCHURE
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.