The first week of commercial sheep and lamb sales of 2024 was met with welcomed positivity, with all market indicators being in the green. This is now three weeks in a row that the market indicators have been in the green, proving a substantial rebound in market sentiment since the lows of mid to late 2023. Listings was the only indicator that was lackluster, with a 6% rise on the final sale of 2023 seeing 38,070 head offered, which is well under the yardings seen in early December. Demand for the tight 38,000 head was very strong, with 87% of the offering securing a buyer as prices lifted substantially on last year seeing a 11% rise in the AuctionsPlus Restocker Lamb indicator and the crossbred lamb price rising a healthy 28%.
