NATIONAL lamb supply decreased 11 per cent week-on-week and there was a shortage of good quality lambs, while sheep supply was up 13pc according to Meat and Livestock Australia's (MLA) National Livestock Reporting Service (NLRS).
Lamb supply eases
National lamb supply, as reported by MLA’s NLRS, decreased 11 per cent week-on-week, attributed to a 20pc decline in NSW and yardings being 58pc lower in Western Australia. South Australia throughput was 6pc higher week-on-week, while yardings in Victoria were firm.
National sheep supply was 13pc higher week-on-week, with Victoria and SA lifting their throughput 7pc and 12pc, respectively.
NSW increased their mutton consignments by 32pc, however WA supply eased 24pc.
Good quality lambs limited
Tamworth and Dubbo in NSW yarded some of the plainest quality lambs for some time this week. Most young lambs at Bendigo, Vic, were showing dryness, however restocker competition remains solid.
Harvest taking priority in WA was a factor in the fall in supply at Muchea, while feeders and restockers were more cautious in their purchasing at the SA Livestock Exchange.
There were some well-finished sheep yarded at Tamworth which sold to a dearer trend. Restockers purchased most of the wethers at Muchea, while competition lowered at the SA Livestock Exchange.
Prices slightly lift
At the conclusion of Tuesday’s markets (November 5) the eastern states restocker lamb indicator was 3c higher on 377c/kg cwt.
Merino lambs gained 3c to 297c, while light lambs lifted 16¢ to settle on 359c/kg cwt. The Eastern States Trade Lamb Indicator increased 2c to 393c, while heavy lambs gained 4c to 400c/kg cwt.
The mutton indicator lifted 1c to 182c/kg cwt.
