Weekly Market Comments from AuctionsPlus
A total of 31,473 head of sheep and lambs were listed across the two AuctionsPlus weekly commercial sales this week, holding firm on last weeks’ numbers. Price fluctuations were apparent across many categories compared to last week, as the tight throughput paired with cautious buyer and seller sentiment directed the market.
Market fundamentals came to the fore in the AuctionsPlus commercial cattle market this week, as a significant reduction in supplies spurred buyer competition, pushing prices higher, with “perfect” clearance rates registered across several categories this week. With only 5,153 head offered across the two commercial cattle sales, down 34% on last week, you could almost hear producers yelling “I don’t like the prices…I’m holding”.
AuctionsPlus sheep and lamb listings saw the lowest offering since the 9th Jan, 2021 with 32,257 head offered. The smaller offering for the week was reflective of current producer sentiment, with many producers reportedly looking to hang on to stock until the warmer months arrive. Lamb offerings were hit with the impacts of selective buying, while the joined ewe market registered higher prices and mixed clearance rates.
Numbers offered in AuctionsPlus commercial cattle sales this week were down 26% on last week, at 7,840 head. The reduced supply assisted the strongest results for nearly two months, with higher averages and clearance rates for most categories, as vendors held back for improved conditions. Large dumps of rain across NSW and Victoria this week and the official declaration of a negative IOD event by the Bureau of Meteorology has largely assured producers of another good finish to the year.
Originally posted Wednesday 3rd August 2022, Updated Friday 5th August 2022. AuctionsPlus sheep and lamb listings for Tuesday’s commercial sales totalled 43,131 head this week - a 7% contraction on last week. While the lamb market returned mixed results, with three of the five regular categories averaging lower week-on-week, the joined and unjoined ewe results were indicative of some restored confidence from buyers, as the majority of categories registered both higher averages and clearance rates.
It was another tough week for the national cattle market, as the declining producer confidence and winter doldrums kept prices heading south for most categories. There was a total of 10,634 head offered through AuctionsPlus commercial cattle sales this week, down 14% on last week, with several reports of vendors staying out of the market and delaying sales until stronger conditions, or at least spring growth, returns.
Originally posted Wednesday 27th July, Updated Friday 29th July AuctionsPlus sheep and lamb sales recorded a total of 46,355 head listed online for the week, a 4.6% rise from last week. Clearance rates following the immediate closure of the auction were again subdued, with the National Lamb Sale registering a 46% clearance while the National Sheep Sale closed with a clearance of 27%. Post-sale negotiations saw clearance rates rise slightly in the 48 hours following the Tuesday commercial sales, with the lamb sale reaching a 51% clearance and the sheep sale increasing to 38%.
It was another very tough trading week for the national cattle market, both online and through physical markets, with prices easing further. For online activity, the combination of the winter doldrums, rising production costs and waning sentiment continued to keep both buyers and vendors on the side lines. With a total of 12,387 head offered, AuctionsPlus commercial cattle offerings were back 3% on last week, with significant price declines across the young steer lines and proven breeders.