Weekly cattle and sheep market wrap in Australia

Year-to-date, young lamb yardings have increased by 300% or 79,000 head. This indicates that lambing occurred later than usual last year, with the wetter winter conditions affecting joining in key sheep-producing areas. Widespread wet weather has also affected sales as producers hold back lambs whose weight gain performance and finishing are impacted by adverse weather conditions.The new Heavy Lamb Indicator eased 15c week-on-week, with Wagga Wagga contributing 30%. The Central Victoria Livestock Exchange (CVLX) Ballarat commanded the highest premium this week at 825c, 29c/kg carcase weight or 4% above the national price. Saleyards that operated at significant discounts to the national price were Muchea, Hamilton, Warwick and SA Livestock Exchange. Quality lambs took out premium prices. Positively, with the increase in supply, buyers can be more selective about the lambs they purchase. Due to the price for processor cattle easing and increased supply coming on the market, ...