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. It was a stronger market for the weekly indicators with clearance and value over reserve both lifting, breathing a bit of a life into an otherwise tough market. Clearance ended the week at 45%, a 13-percentage point rise and value over reserve averaged $11.
New season lambs are beginning to make their dash online, with the 14,992 head representing 44% of the weekly offering. Majority of the listings came from New South Wales, while a smaller portion were listed out of Queensland and South Australia. Clearance for this week’s new season offering hit 63% and value over reserve averaged $11.
