The AuctionsPlus commercial sheep and lamb markets experienced a substantial decline this week as the industry shut down for the Christmas period. Despite the Christmas break affecting the total number of offerings, which was much lower than the previous week, the market responded strongly to the reduced listings, with 35,873 head meeting strong Christmas demand.

The remaining market indicators were unaffected by the disjointed week, reflecting two consecutive weeks of positive indicator results. This positive trend is driven by the recent uptick in confidence and the lower supply on offer this week. Clearance rose by 1 percentage point to 85%, the Value Over Reserve averaged $16 above set reserve levels, and the AuctionsPlus Restocker Lamb indicator increased by 12% to 523c/kg DW.

ADVERTISEMENTS
AuctionsPlus commercial cattle listings fell back to Earth after last week’s bumper listing, down 19% to 19,548 head. Last week, t...
The AuctionsPlus commercial sheep listings rose strongly again this week, up 21% to 86,142 head — a high not seen since the first ...
AuctionsPlus commercial cattle offerings lifted to 23,775 head compared to last week’s numbers of 15,104, a surge of 44%. Clearanc...
AuctionsPlus commercial cattle saw little more than a third of the total listings cleared with confidence seemingly tested by last week’s muted confidence.
AuctionsPlus commercial sheep listings rose 21% to their highest level since April. Buyer demand was high at 84% clearance and prices rose strongly.
Vendors tested the market with the highest listing in over a year, as producers looked for a Christmas bump. The larger offering was met with lower clearance and prices.
The AuctionsPlus commercial sheep and lamb markets rose sharply this week with price increases across the board as growers looked to take advantage of confidence ahead of the Christmas shutdown.
AuctionsPlus recorded its largest offering since early June, and strong price gains were seen across much of the platform, particularly for steers.
Strong buyer demand was seen across AuctionsPlus commercial sheep and lamb listings with prices rising another 3% for crossbred lambs, and very strong clearance rates.
The offering available on the AuctionsPlus platform has again continued its upward trend, most noticeably in heavier lines of both steers and heifers.
Recent rain in NSW and QLD breathed new life into the market with main indicators up on last week, although listings were marginally down.

Sign up to our weekly news updates

Connecting with communities across regional and rural Australia.