Lamb supply down | My Machinery
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Lamb supply down

Eastern states lamb supply last week only decreased 3 per cent week-on-week, while South Australian supply decreased 12pc. There was increased competition at most centres, resulting in the majority of eastern states indicators showing a dearer trend. As reported by MLA’s National Livestock Reporting Service, restocker demand improved as the week progressed due to forecast rain, with the indicator lifting 30¢ to 350¢/kg cwt. There were large numbers of Merino lambs penned, lowering the indicator 13¢ to 313¢/kg cwt. Light lambs increased 19¢ to settle on 360¢/kg cwt. Trade and heavy weight shorn lambs were generally of better quality last week. At the close of Thursday’s markets the trade lamb indicator was 18¢ higher on 387¢, while heavy weight lambs lifted 4¢ to 392¢/kg cwt. Eastern states sheep supply was 6pc lower week-on-week, however, even with the tighter throughput, again met lacklustre demand. The eastern states mutton indicator finished 3¢ lower on 142¢/kg cwt SA lamb supply decreased 12pc week-on-week. The tighter supplies helped trade lamb prices at physical markets, which started to track above those consigned direct-to-works, placing increased pressure on processors. Mount Gambier and the SA LE yarded 1pc and 19pc fewer lambs respectively, while Naracoorte only slightly lifted their throughput 3pc week-on-week. Across all SA centres there were very good quality runs of heavy trade, heavy and extra heavy shorn lambs, while there were also good lines of Merino lambs yarded. Feeder buyers were prominent on shorn light weight crossbreds at the SA LE, while Mount Gambier’s mixed quality yarding attracted token local restocker and processor buyers. The SA restocker lamb indicator finished the week 3¢ lower on 397¢, due to fluctuating demand, while Merino lambs were 13¢ cheaper under higher supplies to settle on 314¢/kg cwt. Light lambs eased 1¢ to 330¢, while heavy lambs lost 2¢ to 372¢/kg cwt. The SA trade lamb indicator was 15¢ higher this week on 367¢/kg cwt, due to strong support from buyers on the better quality selection available. The Land: http://www.theland.com.au/news/nationalrural/livestock/sheep/lamb-supply-down/2648120.aspx

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