*Originally published Tuesday 15th March 2022 - Updated Friday 18th February 2022
Sheep and lambs offered through AuctionsPlus commercial sales this week contracted 10% on last week, at 109,382 head. Cautious buying activity through the joined sheep lines contributed to a subdued 57% clearance rate for the week and lower average prices through all categories. Overall market sentiment through the lamb lines continues to be mixed, with post-auction negotiations continuing to encourage the buyers, as vendors lowered initial reserves to lock in sales.
