AuctionsPlus commercial sheep and lamb listings fell by 15% this week, totaling 30,045 head and clearance rates lifted 9 percentage points to 81%.
Value Over Reserve averaged $16/head over set reserves, a $6/head lift on last week.
Lamb prices fell after a strong run, with the crossbred lamb indicator decreasing by 9% to average $120/head, and the AuctionsPlus Restocker Lamb Indicator decreasing by 152c to average 510c/kg dressed weight.
Joined ewes made up most of the offering with 14,292 head, or 48% of the total. Lamb articles made up the second largest pool at 10,914 head, or 36% of the offering.
Listings and purchasers were predominately from NSW, even though the state offered more than 4000 less articles than the previous week.
Processer/feedlot activity dropped back this week to less than half a percent - a large fall from 5.17% last week.
Table 1: AuctionsPlus National Weekly Sheep and Lamb Prices
Report: Interactive Market Dashboard
Crossbred Lambs registered a smaller offering of 3,555 head, and prices decreased on last week to average $120/head - down $12 for a 94% clearance. From Coleraine, Victoria, a line of 400 Poll Dorset/Border Leicester/Merino mixed sex Jul/Aug '23 drop crossbred lambs weighing 37kg lwt, returned $150/head, or 404c/kg and will travel to a buyer in Jamestown, SA.
Merino wether lambs registered a 96% increase in numbers this week, with the 5,863 head, up from 2,993 head last week, also achieving a 97% clearance and a $3/head discount. From Thallon, Queensland, a line of 239 Merino wethers, Aug/Sep '23 drop and weighing 42kg lwt, returned $97/head, or 231c/kg and will travel to a buyer in Condamine, Queensland.
SIL Merino ewes registered a larger offering of 7,049 head, which is 3% higher than last week. The category had a 74% clearance rate and prices fell by $4 to average $110/head.
SIL first cross ewe numbers were back 6% on last week, with the 3,016 head returning a 60% clearance and falling in price by $1, to average $158/head.
Note: Prices as at 5pm Thursday, July 4, 2024.
We'd love your feedback on how we can improve the weekly market comments. Let us know what you would find helpful by emailing newsroom@auctionsplus.com.au
Subscribe to our weekly newsletter and monthly cattle, sheep, and machinery round-ups.