COLES supermarket has released a forward contract of 690c/kg for 18-26kg lambs for July, as saleyard prices surged by up to $20 for the limited trade lamb supplies available mid-week.
SLAUGHTER lamb prices held generally firm to dearer this week, as restocking, domestic trade and export interest in lambs remained strong.
SLAUGHTER lamb prices held firm this week, despite more secondary lambs being yarded, as restockers and exporters competed across the light and trade categories, and processors fought over dwindling quality trade and heavy supplies.
LAMB processor JBS Australia this week joined other major market operators and released forward contracts for June and July delivery of MSA-registered lambs to its Brooklyn plant in Victoria and Bordertown in South Australia.
MERINO wethers sold for more than $200 at Guyra and lamb prices continued to climb in saleyards this week as tightening supplies were restricted further by rain across northern New South Wales.
LAMB prices surged in major saleyards his week, with strong domestic and export processor demand for reduced yardings in some big New South Wales and Victorian centres.
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.
TRADE and heavy lamb prices continued to strengthen mid-week, spurred on by domestic processors building Australia Day campaign supplies and keen exporters.
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.
A strong finish to the year saw Australia’s 2016 lamb exports rise 3 percent over the previous year, while mutton exports fell 12pc. Total lamb exports last year reached 242,285 tonnes shipped weight, up from 240,000t the year before. Last year’s trade was back slightly from 2014’s record volume, but 23pc higher than the five-year average.