Lamb throughput was higher on the east coast for the week ending the 7th of August (Table 1), which offset lower sheep yardings. NSW yards picked up more new season lambs, and this saw nearly an extra 15k lambs present compared to the week earlier.
The biggest lift was in Victoria, which saw a combined lamb and sheep yarding of 34,436 head. This was more than double the numbers of the week earlier and on par with the five-year weekly average levels in August.
Slaughter numbers are what we’re watching with interest. Combined east coast ovine slaughter was slightly higher than the week earlier as a 3% lift in lambs processed took up space of 12% fewer sheep. In Victoria 136,736 lambs made it to slaughter; a considerable lift on the week prior but still 10% under the five-year average for this time of year.
The Eastern States Trade Lamb Indicator lost 13¢ or 2% to 690¢/kg cwt. Heavy lambs also ended the week lower, losing another 10¢. The significant rainfall event over much of the country gave Restockers another boost of confidence, the National Restocker Lamb indicator was the best performer of the categories this week, gaining 83¢ to 716¢/kg cwt.
In Western Australia the grass was much greener so to speak. The Western Australian Trade Lamb Indicator, currently sitting at an admirable 755¢/kg cwt after a rise of 109¢ on last week.
There was little movement in the National Mutton Indicator this week, it ended at 530¢/kg cwt on Thursday.
Dash to the slaughter before the clock struck midnight
Lamb throughput was higher on the east coast for the week ending the 7th of August (Table 1), which offset lower sheep yardings. NSW yards picked up more new season lambs, and this saw nearly an extra 15k lambs present compared to the week earlier.
The biggest lift was in Victoria, which saw a combined lamb and sheep yarding of 34,436 head. This was more than double the numbers of the week earlier and on par with the five-year weekly average levels in August.
Slaughter numbers are what we’re watching with interest. Combined east coast ovine slaughter was slightly higher than the week earlier as a 3% lift in lambs processed took up space of 12% fewer sheep. In Victoria 136,736 lambs made it to slaughter; a considerable lift on the week prior but still 10% under the five-year average for this time of year.
The Eastern States Trade Lamb Indicator lost 13¢ or 2% to 690¢/kg cwt. Heavy lambs also ended the week lower, losing another 10¢. The significant rainfall event over much of the country gave Restockers another boost of confidence, the National Restocker Lamb indicator was the best performer of the categories this week, gaining 83¢ to 716¢/kg cwt.
In Western Australia the grass was much greener so to speak. The Western Australian Trade Lamb Indicator, currently sitting at an admirable 755¢/kg cwt after a rise of 109¢ on last week.
There was little movement in the National Mutton Indicator this week, it ended at 530¢/kg cwt on Thursday.
Next week
Uncertainty is the theme of lamb and sheep markets at the moment. We will all have eyes on how the new processing restrictions have impacted this week’s Victorian slaughter numbers, when they get released next week. While it may take a couple of weeks to fully adjust schedules, it will provide an indication of where capacity will sit until the end of September. With border issues still causing confusion and the announcement that JBS are closing their Brooklyn facility indefinitely, there are still many challenges for the market to adjust to.
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Data sources: MLA, Mecardo
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More rain lifts prices
Widespread rain on the East Coast helped prices continue their upward trajectory, supported by a decrease in throughput as growers’ feed supply concerns further eased.
Lamb turnoff takes precedence
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Lambs are looking up
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Future breeders moving off farm?
The Australian Bureau of Statistics (ABS) released its quarterly Livestock Products report last week, and while we can get some indications from weekly data, the
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