Supply surges with resumption of full trading weekNATIONAL lamb supply increased 76 per cent week-on-week, following last week’s shorter trading week, at 116,217 head, with all states except Tasmania yarding larger numbers.
Nanjing Night Net

National sheep supply jumped 92pc, to 61,823 head, with increased numbers in NSW, Victoria and Western Australia this week.

Heavy weight lambs well-supplied across NSW and VictoriaThere were large numbers of well-presented trade and heavy weight lambs penned at Tamworth, Bendigo and Ballarat this week. At Dubbo, there were some excellent lines of heavy weight lambs along with good numbers of well-finished Merinos, while trade weights were in limited supply.

Heavy and extra heavy weight lambs made up the majority of the offering at Forbes, while at Muchea, store and light weight drafts made up a large percentage of the yarding. Increased buyer activity at South Australian Livestock Exchange supported a dearer trend across all categories, with trade and processor demand creating strong competition for restockers.

At Bendigo, there were several runs of heavy crossbred ewes, along with well-presented Merino wethers and ewes. Medium and heavy weight lines were well supplied at Tamworth and Inverell.

Prices climb higherAt the close of Tuesday’s markets, the eastern states restocker lamb indicator increased 9¢ last week’s levels, on 555¢/kg cwt. Merino lambs were up 32¢ on 524¢, while light lambs jumped 21¢ on 553¢/kg cwt.

Trade lambs gained 23¢ on 568¢, and heavy lambs were 31¢ higher on 584¢/kg cwt. The mutton indicator finished 10¢ dearer on 358¢/kg cwt.

This story Administrator ready to work first appeared on Nanjing Night Net.