Excellent news first, the nationwide mutton worth lifted 13¢/kg to 765¢/kg and is now the one main indicator sitting above month-ago ranges. East coast mutton averaged barely increased at 776¢/kg, whereas it was 717¢/kg within the west. The weekly rolling indicator headcount was about 88,000 head, roughly 7000 fewer than the identical time final yr. Wagga Wagga, NSW, had the biggest yarding, and the Nationwide Livestock Reporting Service quoted heavy mutton as topping at $322, with sturdy northern competitors, whereas commerce costs fluctuated relying on high quality and wool size.
Heavy lamb numbers elevated by about 3800 head, and the nationwide worth misplaced greater than 25¢/kg for the week, placing it 56¢/kg decrease than the month prior. The value stays 38% increased than the five-year common, however at 19% above year-ago ranges, it’s on the lowest year-on-year premium since February. Lamb export figures for November have been 3% decrease year-on-year however nonetheless traditionally very sturdy, so the heavy lamb worth stress is predominantly from the seasonal provide facet of the equation.
Restocker lamb indicator throughput jumped by almost 5700 head this week, and contemplating this, the value held up comparatively nicely, solely shedding 8¢/kg for the week to land at 1097¢/kg. With simply shy of 73,000 head by way of the indicator this week, this was about 19,000 greater than the identical time final yr, but the value sits at a 370¢/kg premium year-on-year. Wagga Wagga once more had the key yarding, with greater than 1 / 4 of the indicator throughput, and the NLRS reported the lamb sale as “store-like”, with a big portion of the yarding beneath 22kg and restocker shopping for help buoying the market.
Commerce lambs misplaced 20¢/kg this week to common 1075¢/kg. Hamilton, Victoria, had a 3rd of all indicator-eligible inventory and bought at 1056¢/kg, which was nonetheless 13¢/kg beneath the Victorian common. Hamilton’s Wednesday sale had 50,000 lambs, and new-season commerce heaps topped at $420, whereas sturdy restocker and feeder help was reported for the lighter finish of new-season commerce lambs.
