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.
The Crossbred Lamb Indicator shot up an impressive 25% from the previous week to land at $128/head and the AuctionsPlus restocker indicator rose 58c/kg to 535c/kg.
Lamb prices lifted by an average of $26/head to $128 with a 91% clearance rate.
The Merino Ewe Lamb offering lifted 23% to almost 6000 head. The Composites/Other Breed lambs had a standout 247% offering increase.
SM First X Ewes and SIL Shedding Breed Ewes had listing growth of about 2000% and 4500% respectively, albeit off low numbers the previous week. The shedders dropped $114/head in response to the bigger offering.
NSM category offerings decreased this week and enjoyed some price increases, with clearance rates from 29% to 84%.
Queensland producers listed less this week, but all other participating states lifted their numbers. Queensland producers also purchased less than the previous week, while the other states took home more - including NSW bidders who took home nearly 10,000 more head than the previous week.
Processors were winning bidders on more than 2% of the action, a massive jump from the half a percent from the previous week.
Table 1: AuctionsPlus National Weekly Sheep and Lamb Prices
Report: Interactive Market Dashboard
Crossbred Lambs registered a 22% larger offering with 5687 head, with prices up by $26 on last week to average $128/head for a 91% clearance rate.
From Barmedman, NSW, a line of 500 Poll Dorset/Charolais/Merino mixed sex Aug/Oct '23 drop lambs, weighing 40kg lwt, returned $147/head, or 372c/kg and will travel to a buyer in Borenore, NSW.
Merino Wether Lambs registered a 61% increased offering to 10,616 head, with prices up $11/head for a 74% clearance. From West Wyalong, a line of 500 Merino wether lambs, Jul/Aug '23 drop, and weighing 38kg, lwt returned $94/head, or 251c/kg and will travel to a buyer in Tamworth, NSW.
SIL Merino Ewes registered a 50% larger offering with 14,539 head, with prices falling by $39 on last week to average $81/head for a 56% clearance.
Note: Prices as at 5pm Thursday, 9th May 2024.
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