AuctionsPlus Sheep and Lamb listings dropped 9% this week, after a 42% drop the previous week. The clearance rate also fell, but the Value Over Reserve was strong, with a lift of $5.
AuctionsPlus commercial cattle listings rose 22% to 14,916 head. The average Value Over Reserve jumped $37 to $102 and the clearance rate dropped 10 percentage points to 66%. The AuctionsPlus Young Cattle Indicator lifted 20 points to 369, meanwhile benchmark steers 280-330kg were up 1% to $1,183.
In a turbulent week for the sheep industry, with the official announcement of the closure of the live sheep export industry in four years, the knock-on affect of low confidence has turned last week's positive uptick in all indicators upside down.
This week listings fell by 18% to 12,208 head. The average Value Over Reserve jumped $19 to $95 and the clearance rate dropped 12 percentage points to 59%. The AuctionsPlus Young Cattle Indicator lifted 22 points to 358, meanwhile benchmark steers 280-330kg were up 22 to $1,100.
It was encouraging to see a clean sweep of positives on the AuctionsPlus commercial sheep and lamb dashboard this week. Listings jumped 23% to 65,636 head and Value Over Reserve lifted a further $7 to $12. The clearance rate was also in the green, up nine percentage points.
AuctionsPlus commercial cattle listings fell by 4% to 14,978 head this week. The average Value Over Reserve jumped $31 to $100 and the clearance rate also increased 6 percentage points to 61%.
AuctionsPlus commercial sheep and lamb listings held steady at 53,021. Clearance fell 25 points to 32% and the Price Over Reserve increased by $1 to average $9.
AuctionsPlus listings fell by 27% to 15,568 head. The AuctionsPlus Young Cattle Indicator rose 3 points to 322, while benchmark steers 280-330kg were firm at $1,114.
AuctionsPlus commercial sheep and lamb listings fell 8% to 52,823 head this week. The clearance rate rose 2 percentage points to 52%, while the Price Over Reserve increased by $2 to average $9 across all listings.
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