AuctionsPlus commercial sheep and lamb listings fell 21% to 64,486 head this week, with the lamb, sheep, NSM and ram categories all recording softer listings, while an extra 31% of Joined Ewes were marketed. The smaller offering was met with a three percentage point increase in the clearance rate to 59%. Price Over Reserve fell by $10 to average $4 across all listings.
AuctionsPlus' restocker indicator ARLI recouped the 48c/kg it lost last week and then some to sit at 567c this week. At the same time MLA's Restocker Lamb Indicator, which shows what lambs are being paid for in physical saleyards, fell 23.59c/kg to 516.90.
