Market Comments

Weekly Sheep & Lamb Comments - Week ending Friday 19th May (with NEW interactive Reporting)

Written by AuctionsPlus | May 16, 2023 10:23:42 PM

Commercial sheep and lamb listings on AuctionsPlus fell to 57,714 – down 19% from last week. Listings slipped below 2021 levels but remain above the same week 2022. Average value over reserve lifted $3 to $12 and clearance rate lifted 1 percentage points to 49%, rising from 36% at auction end on Tuesday.


Table 1: AuctionsPlus National Weekly Sheep and Lamb Prices
Link 2: National Lamb Sale Results
Link 3: Tuesday National Sheep Sale Results
Report: Interactive Market Dashboard - NEW

Crossbred lambs registered 10,542 head and averaged $100/head – down $8 from last week for a 38% clearance rate. Prices ranged from 163-344c and averaged 287c/kg lwt. From Bombala, NSW, a line of 787 Sep 22’ drop Poll Dorset/Border Leicester/Merino mixed sex store lambs weighing 38kg returned $121/head, or 319c/kg lwt.

A total of 10,739 Merino wether lambs were offered, with the slightly higher supply putting further pressure on prices. The category averaged $57/head – down $17 on last week for a 56% clearance rate, rising from 25% on Tuesday. Prices ranged from 128-241c and averaged 164c/kg lwt. From Appila, SA, a line of 380 Jul-Sep 22’ drop Merino store wether lambs weighing 44kg returned $106/head, or 241c/kg lwt.

Downward adjustments to reserves were evident for SIL Merino ewes as prices fell while clearance rate improved significantly. The category registered 7,820 head and ranged from $56 - $240 to average $142/head – down $6 from last week for a 61% clearance rate. From Willaura, Victoria, three lines of a total 550 Merino ewes SIL to Poll Dorset rams, aged 21-22 months old and weighing 52kg returned $204/head.

SIL first cross ewes registered 6,638 head and averaged $216/head – up $47 on last week for a 31% clearance with both clearance and average prices lifting from Tuesday close of auction reporting. From Traralgon East, Victoria, three even lines of 190 Border Leicester/Merino ewes SIL to Poll Dorset rams, aged 21-22 months old and weighing 55kg returned $240/head.

Note: Prices as at 5pm Thursday, 18th May 2023

Table 1: AuctionsPlus National Weekly Sheep and Lamb Prices

 

AuctionsPlus Interactive Sheep Market Report