There was fierce competition across AuctionsPlus commercial sheep and lamb markets this week with clearance leaping 21 points to 86%. Buyer appetite was driven not just by the recent rain, it was also affected by listing numbers falling for the third consecutive week — down 6% to 67,7641. Demand was particularly high for lambs, which recorded a very strong 90% clearance for the 42,044 head on offer. The AuctionsPlus Australian Restocker Lamb Indicator has more than doubled in the last 11 weeks to $56/head from $27.
