Weather and Covid are playing havoc with lamb supply. We know new season lambs In Victoria are behind schedule and awaiting some warm, dry days to finish in many areas. They didn’t find it this week, but reports of extra supply of trade and store lambs depressed prices.
Meat & Livestock Australia yardings and slaughter figures lag by a week but show that east coast lamb yardings dropped 28% last week to see just 128,095 head yarded. Numbers were lighter in NSW, SA and Victoria. Sheep throughput also plummeted last week, dropping 39% on the week prior. Saleyard reports out of Victoria this week indicate lamb supply more than doubled in Bendigo and Ballarat.
After a spike at the end of September, lamb slaughter dropped 15% last week, returning to levels of a fortnight ago. Slaughter levels in Victoria continue to track well below average and last year’s levels, while NSW is processing more lambs than average for this time of the year. Last week, the total number of sheep and lamb processed in Victoria was 23% below the same time last year.
The Eastern States Trade Lamb Indicator declined 48ȼ on the week, to close at 891ȼ/kg cwt. The market was generally stronger in Western Australia. The Western Australian Trade Lamb Indicator gained 14ȼ to 748ȼ/kg cwt.
National Indicators dropped quickly across all types. Heavy lambs lost 40ȼ, Restocker lambs 52ȼ and Merino lambs 58ȼ. Light lambs were the best off, but still dropped 15ȼ.
The National Mutton Indicator (NMI) was swept into the falling market. The NMI dropped 32ȼ to 589ȼ/kg cwt. For the first time since June, the National Mutton Indicator is below levels of the same time last year.
The week ahead….
For the remainder of the year, lamb supply is expected to be just slightly higher than last year. With more rain on the ground, this week restockers should continue to support the market. What we do know for certain is that growers who sell their lambs in October have never had it so good.
Contracting supply and rain were key ingredients in a much stronger lamb and sheep market this week. Seasonal conditions have conspired with robust processing demand
The Australian Bureau of Statistics (ABS) released its quarterly livestock slaughter and meat production figures for September last week. The numbers explain a lot about
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.
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.
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.
Cheaper market amidst scattered supply
Meat & Livestock Australia yardings and slaughter figures lag by a week but show that east coast lamb yardings dropped 28% last week to see just 128,095 head yarded. Numbers were lighter in NSW, SA and Victoria. Sheep throughput also plummeted last week, dropping 39% on the week prior. Saleyard reports out of Victoria this week indicate lamb supply more than doubled in Bendigo and Ballarat.
After a spike at the end of September, lamb slaughter dropped 15% last week, returning to levels of a fortnight ago. Slaughter levels in Victoria continue to track well below average and last year’s levels, while NSW is processing more lambs than average for this time of the year. Last week, the total number of sheep and lamb processed in Victoria was 23% below the same time last year.
The Eastern States Trade Lamb Indicator declined 48ȼ on the week, to close at 891ȼ/kg cwt. The market was generally stronger in Western Australia. The Western Australian Trade Lamb Indicator gained 14ȼ to 748ȼ/kg cwt.
National Indicators dropped quickly across all types. Heavy lambs lost 40ȼ, Restocker lambs 52ȼ and Merino lambs 58ȼ. Light lambs were the best off, but still dropped 15ȼ.
The National Mutton Indicator (NMI) was swept into the falling market. The NMI dropped 32ȼ to 589ȼ/kg cwt. For the first time since June, the National Mutton Indicator is below levels of the same time last year.
The week ahead….
For the remainder of the year, lamb supply is expected to be just slightly higher than last year. With more rain on the ground, this week restockers should continue to support the market. What we do know for certain is that growers who sell their lambs in October have never had it so good.
Have any questions or comments?
Click on graph to expand
Click on graph to expand
Click on graph to expand
Data sources: MLA, NLRS, Mecardo
Categories
Have any questions or comments?
Defying seasonality
Contracting supply and rain were key ingredients in a much stronger lamb and sheep market this week. Seasonal conditions have conspired with robust processing demand
Lamb forecast fits with future figures
Despite record-high slaughter figures for lamb so far this year, there are plenty of lambs left in the paddock according to the latest Sheep Producers
Here comes the rain again
Spring is coming to an end, but the consequences of the dry southern winter continue to drive the market. The search for weight is creating
Early indications of weaker lamb supply for 2025
The Australian Bureau of Statistics (ABS) released its quarterly livestock slaughter and meat production figures for September last week. The numbers explain a lot about
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.
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.
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.