LAMB and mutton sheep prices continued to rise in saleyards early this week, as rainfall exacerbated an already tight supply situation. Recent price rises have flushed more lambs off farms and feedlots, and numbers increased at New South Wales, Victorian and Western Australian saleyards.
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.
FIRST cross ewes sold to $272 and Merino wethers made to $145 on AuctionsPlus last week as online numbers rose 11,657 to 45,257 head.
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.
SCANNED in-lamb Merino ewes sold to $265 on AuctionsPlus last week, as sheep and lamb numbers listed online increased 3114 to 33,600 head.
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.
SALEYARD lamb prices started to generally retreat from record levels this week, as more lambs were offered and buyers showed resistance to current rates.
RESTOCKER lamb prices reached extreme levels of more than 1200c/kg carcase weight this week as the supply scarcity sweeping the industry boiled over at Hamilton on Wednesday.