There has been a significant improvement in clearance rates across lamb, sheep and cattle sales on AuctionsPlus this week. AuctionsPlus commercial cattle listings slipped 17% to 7,497 head, while clearance jumped 14 percentage points to 48%. Young cattle prices continued to slide, which suggests that the improvement in clearance rate is due to widespread adjustments to reserve prices. The urgency of a successful sale has increased as drier conditions put pressure on carrying capacity.

ADVERTISEMENTS
AuctionsPlus commercial sheep and lamb listings increased 6% this week, with 35,813 head offered. Clearance lifted to 58% this wee...
AuctionsPlus commercial cattle listings slipped to 8,983 head, decreasing by 14%. The smaller offering was met with mixed competit...
AuctionsPlus commercial sheep and lamb listings increased 21% this week, with 33,822 head offered. Offerings were driven higher by...
AuctionsPlus commercial sheep and lamb listings increased 6% this week, with 35,813 head offered. Clearance lifted to 58% this week, driven by strong demand for new season lambs which made up the largest portion of offerings.
AuctionsPlus commercial cattle listings slipped to 8,983 head, decreasing by 14%. The smaller offering was met with mixed competition as clearance fell to 34%, while value over reserve lifted by $9 to average $45.
AuctionsPlus commercial sheep and lamb listings increased 21% this week, with 33,822 head offered. Offerings were driven higher by new season lambs, as the persistent tougher market conditions has pushed more farmers to sell when they may have been previously holding.
AuctionsPlus commercial cattle listings fell to 10,499 head, decreasing by 12%. The smaller offering did little to support the market indicators with clearance slipping to 43% and Value Over Reserve (VOR) falling to $36.
AuctionsPlus commercial sheep and lamb listings fell 17% this week, with 27,842 head offered while clearance rate slipped to 32%.
AuctionsPlus commercial cattle listings lifted to 11,895 head, increasing by 3%. The larger offering was met with easing demand as clearance fell to 45%, while value over reserve also fell to $51.
AuctionsPlus commercial sheep and lamb listings rose 12% this week, with 33,374 head offered while clearance rate slipped 12 percentage points to 33%.
AuctionsPlus commercial cattle listings lifted slightly to 11,579 head. The larger offering was met with mixed competition as clearance lifted to 58%, while value over reserve was steady at $69.

Sign up to our weekly news updates

Connecting with communities across regional and rural Australia.