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.
STRONG demand for breeding ewes for prime lamb production pushed first cross ewe prices to $344 in online AuctionsPlus sales last week.
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.
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.