Lamb prices tracking sideways or lightly lifting is more or less the ‘norm’ for April & May and so far this season has stood by this trend. Again this week, prices for most categories of lamb and sheep held steady in the east, while in WA they took a turn south.
The Eastern States Trade Lamb Indicator (ESTLI) picked up an extra cent over the week to 813ȼ/kg cwt, while the Western market was more action packed, and not in a good way. The Western Australian Trade Lamb Indicator (WATLI) lost 27ȼ to end at 696ȼ/kg cwt.
The National Heavy Lamb Indicator and Mutton Indicator moved sideways on the week. Restocker lambs picked up an extra 10ȼ in NSW and 43ȼ in Victoria and South Australia. The market was stronger across the board in SA this week, with restocker lambs trading 69ȼ higher year-on-year, Merino lambs 15ȼ higher, but trade lambs 77ȼ lower.
On the supply side both slaughter and yardings of lambs were lower for the week ending the 14th of May when compared to the week prior. 190,793 lambs were yarded on the east coast which was 6.4% drop on the week. Throughput was stronger in NSW yards but the big decline came in South Australia where just 4,274 lambs were yarded. East coast lamb slaughter was just 2% lower than the week earlier, but 17% above the same time last year.
Some of the lower lamb supply was balanced by a spike in sheep yardings and slaughter. Last week sheep yardings were 31% higher than the week prior, with strong throughput in NSW and South Australia, offsetting a decline in Victoria.
The week ahead….
The last few weeks of May typically see a jump in lamb yardings, however this year there was a large number of lambs offloaded in April which might have cut into the usual supply. Looking around the corner to winter, there is upside potential to sheep and lamb prices as supply tightens from current levels.
Sheep producers are making way for the winter crop and getting ahead of the upcoming public holiday sales disruption. Close to 250,000 lambs flooded to
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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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Lamb market set in its ways
The Eastern States Trade Lamb Indicator (ESTLI) picked up an extra cent over the week to 813ȼ/kg cwt, while the Western market was more action packed, and not in a good way. The Western Australian Trade Lamb Indicator (WATLI) lost 27ȼ to end at 696ȼ/kg cwt.
The National Heavy Lamb Indicator and Mutton Indicator moved sideways on the week. Restocker lambs picked up an extra 10ȼ in NSW and 43ȼ in Victoria and South Australia. The market was stronger across the board in SA this week, with restocker lambs trading 69ȼ higher year-on-year, Merino lambs 15ȼ higher, but trade lambs 77ȼ lower.
On the supply side both slaughter and yardings of lambs were lower for the week ending the 14th of May when compared to the week prior. 190,793 lambs were yarded on the east coast which was 6.4% drop on the week. Throughput was stronger in NSW yards but the big decline came in South Australia where just 4,274 lambs were yarded. East coast lamb slaughter was just 2% lower than the week earlier, but 17% above the same time last year.
Some of the lower lamb supply was balanced by a spike in sheep yardings and slaughter. Last week sheep yardings were 31% higher than the week prior, with strong throughput in NSW and South Australia, offsetting a decline in Victoria.
The week ahead….
The last few weeks of May typically see a jump in lamb yardings, however this year there was a large number of lambs offloaded in April which might have cut into the usual supply. Looking around the corner to winter, there is upside potential to sheep and lamb prices as supply tightens from current levels.
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Data sources: MLA, NLRS, Mecardo
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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.