Quality lamb would deliver Australian producers prices of $9-$10 a kilogram carcase weight within five years, MLA managing director Richard Norton told the Australian Intercollegiate Meat Judging Conference at Charles Sturt University’s Wagga Wagga campus this week.
ELDERS Limited says that despite current dry weather conditions and declining cattle prices, it remains on track to report a net profit after tax for the financial year to September 2018 in the $59-$63 million range.
LAMB quality and yardings started to decline across New South Wales and Victoria this week as the impact of the season increasingly hit saleyard offerings.
DRIER seasonal conditions have reduced clearance rates of sheep and lambs on the online livestock sale platform AuctionsPlus.
OLD lamb prices continued to slide in saleyards this week, with processors applying additional price pressure through lower carcase grid rates and restockers seeking new season lambs with less weight and dentition risk.
SALEYARD lamb prices fell further early this week and some processors dropped over-the-hook lamb and mutton rates as supply and quality declined. However, early new season lambs are still making to 700c/kg in saleyards and more than 800c/kg online through AuctionsPlus.
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.