Australia: Rain re-energizes store lamb & sheep market

Published 2023년 3월 31일

Tridge summary

The Eastern States Trade Lamb Indicator and the West's trade lambs indicator have seen an increase despite being lower than the previous year. Restocker lamb prices have improved in all eastern states, but have a long way to go in recovery. Light lambs were steady, while Merino lambs lost 25¢ and heavy lambs edged higher. Mutton prices continued to rise due to widespread rain, despite an increase in supply. In the week ending the 24th of March, lamb slaughter in the east was 3% below the same time last year, while sheep slaughter was 27% higher and continues to be above the five-year average levels.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Eastern States Trade Lamb Indicator (ESTLI) picked up 28¢ week on week, to sit at 681¢/kg cwt. This is 112¢ (-14%) below the same time last year. In the West, trade lambs also met stronger buying activity, and the indicator picked up 59¢ to 542¢/kg cwt, 141¢ lower than the same time last year.Restocker lamb prices improved in all eastern states, but still have a long way to go before they recover from the decline that began at the end of February. The National Restocker Lamb Indicator lifted 42¢ this week to 572¢/kg cwt, down 281¢ (-33%) Year on Year.Light lambs were steady on last week, while Merino lambs lost 25¢. Heavy lambs edged higher, with saleyard reports indicating that mixed quality saw well-bred and well-fed lines improving while plainer types dragged.Mutton continued its upward trajectory thanks to the widespread rain. Both NSW and Vic saw around a 25¢ lift in mutton prices and the National Mutton Indicator improved another 18¢ on the week to 344¢/kg cwt.In good ...

Source: Mecardo