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The lamb market has softened after a price surge two weeks ago. Picture by Alastair Dowie

The lamb market has softened after a price surge two weeks ago.

This week's lamb prices follow the reduced trend that started last week

Dean Hague with his daughter, Willow, 6, Condobolin, while mustering goats due to be sold. Photo Helen De Costa. 

Producers look for guidance in the future of the goat market.

Goat sustainability questioned but steady future ahead

Writing in Rabobank's latest monthly agribusiness report, agriculture analyst for grains and oilseeds Vitor Pistoia said he expects a small upside correction in the Chicago Board of Trade wheat prices.

"Wheat prices dropped, sheepmeat prices are still depressed, but the weather has been kinder," says Rabobank.

Mixed portents for Australian commodity prices

AWN Langlands Hanlon auctioneer Cooper Byrnes, Parkes, NSW, takes bids during the Forbes, NSW, prime lamb sale last week. Picture by Karen Bailey

However, dry conditions have discouraged restockers to participate.

Lamb prices gaining momentum, with best pens surging past 800c/kg

Kevin Miller, Whitty, Lennon and Company agent Jack Whitty, Forbes, with lambs that made $209 a head and were sold by Murphy Partnership, Cumnock, at the Forbes lamb sale on Tuesday. Picture by Karen Bailey.

NSW trade lambs lifted another 12c/kg this week.

Fortnight of good fortune for NSW lamb market

Domestic consumption of lamb in the US is increasing, providing extra opportunity for Australian exports. Picture by Karen Bailey. 

Myrtle Vale lamb one of the newest brands to hit US shelves.

Australian lamb exports to the US on upward trend

Leigh Hausler, Morgan, SA, and Andrew Leske, Waikerie, SA, at Mount Pleasant, SA. Picture by Vanessa Binks

There were price gains at some saleyards and losses at others.

Lamb price indicator stable for first time in weeks despite mixed yardings

Nutrien Loxton, SA, branch manager Curly Golding with client Kelvin Westbrook, Westbrook Feedlot, Loxton, at Jamestown, SA. Picture by Kiara Stacey

Mutton prices are plummeting, stripping the market of its value daily.