Crossbred lambs continue their strong price run, with the category averaging $130 for the month of June, which is the highest monthly average for the category since August 2022.
AuctionsPlus General Manager-Network analyses the online sheep market trends from the week, including significant post-auction negotiations bumping the final clearance figures and other insights.
The tighter supply was met with another week of strong clearance rates, averaging 78% for the week, which is a three-percentage point rise from last week.
AuctionsPlus Sheep and Lamb listings steadied this week, with just a 1% decrease in the yarding, after significant declines in previous weeks. The Value Over Reserve continued to rise with a jump of $6 week on week to $15.
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.
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.
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