AuctionsPlus commercial sheep and lamb listings increased 21% this week, with 33,822 head offered. Offerings were driven higher by new season lambs, as the persistent tougher market conditions has pushed more farmers to sell when they may have been previously holding. It was a stronger market for the weekly indicators with clearance and value over reserve both lifting, breathing a bit of a life into an otherwise tough market. Clearance ended the week at 45%, a 13-percentage point rise and value over reserve averaged $11.
New season lambs are beginning to make their dash online, with the 14,992 head representing 44% of the weekly offering. Majority of the listings came from New South Wales, while a smaller portion were listed out of Queensland and South Australia. Clearance for this week’s new season offering hit 63% and value over reserve averaged $11.
Table 1: AuctionsPlus National Weekly Sheep and Lamb Prices
Report: Interactive Market Dashboard
Crossbred lamb listings increased again this week with 9,791 head, with prices falling $1 to average $62 - for a healthy 83% clearance. A single vendor from Mendooran, NSW had 3,708 head spread across 16 lots of White Suffolk/Border Leicester/Merino new season mixed sex lambs ranging in weight from 25 – 42kg lw. The vendor achieved an 83% clearance rate and recorded prices between $44 - $92 and averaged $64, with successful buyers from NSW and Victoria.
Merino wether lambs doubled in supply this week at 5,698 head offered, with prices decreasing by $4 on last week to average $39/head - for a 29% clearance. From Grenfell, NSW a line of 385 Merino Jul/Aug '22 drop and weighing 47kg lwt returned $46/head and will travel to a buyer in Bendigo, VIC.
First cross ewes saw a larger offering of 2,304 head, with prices averaging $108/head - up $18 from last week for a 22% clearance. From Forbes, NSW a line of 350 Border Leicester/Merino ewes aged 3 years old and weighing 70kg returned $111/head.
Note: Prices as at 5pm Thursday, 24th August 2023
Table 1: AuctionsPlus National Weekly Sheep and Lamb Prices
AuctionsPlus Interactive Sheep Market Report
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