CROSSBRED lambs dropped further in value on AuctionsPlus last week, as overall sheep and lamb listings fell 17 percent to 27,842 head.
AuctionsPlus said value-over-reserve and clearance figures were steady, supported by the reduced listings and lower reserves.
The proportion of lots sold after the sale reduced from 71pc last week to 30pc, as vendors and agents adjusted to market values.
AuctionsPlus sold 57pc of the 8278 crossbred lambs offered, but the higher supply pushed the average price down by $10 to $63. At Merrygoen in New South Wales, 760 mixed sex April/May 2023 drop Poll Dorset cross lambs weighing 29kg sold for $66, or 230c/kg.
Only 14pc of a smaller offering of 2465 Merino wether lambs sold for an average of $43, down $5. At Eudunda in South Australia, 140 March/April 2023 drop Poll Merino wether suckers weighing 36kg sold for $54, or 151c/kg lwt.
AuctionsPlus said 46pc of the larger offering of 1418 ewes and lambs averaged $177/head, up $20. At Panuara in NSW, 151 four year-old Primeline ewes weighing 73kg sold for $152 to a buyer in Lake Wendouree, Victoria.
Note: Prices as at 5pm Thursday, 17th August 2023
Source – AuctionsPlus.