A tightening in lamb numbers heading into winter contributed to a substantial decline in numbers offered on AuctionsPlus last week.
SALEYARD lamb prices started to generally retreat from record levels this week, as more lambs were offered and buyers showed resistance to current rates.
LIMITED supplies of quality trade and heavy lambs are driving saleyard prices to record levels and increasing processor grid rates as domestic and export processors struggle to fill orders.
LAMB processors hit by lack of contract supplies and quality have helped pushed prices still higher this week, building on a strong start in saleyards last week.
TRADE lambs continued to come under price pressure in some saleyards mid-week as the southern turn-off began to peak, with almost 60,000 lambs yarded at Hamilton.
SALEYARD slaughter lamb prices fell further this week as the southern Victorian lamb turn-off started to peak, but restocker prices were firm to better.
A BIG weekly sheep and lamb offering has clinched a record monthly result for online saleyard AuctionsPlus of 341,791 head in November.
SPRING lamb prices are heading for their fourth consecutive annual increase, Meat & Livestock Australia has reported.
SHEEP and lamb numbers eased by 3000 to 72,351 on AuctionsPlus last week, with ewes and lambs making to $335, young composite ewes selling to $221 and first cross ewe lambs to $209.
LAMB prices lifted in saleyards yesterday as supply and market demand shifted back in the favour of producers and restocker competition continued to underpin light and trade slaughter rates.