Prices ease as yardings lift
23 July 2015
Eastern states lamb supply, reported by MLA’s National Livestock Reporting Service, jumped 45% week-on-week, to 146,449 head, after last week’s cold weather. The wintery conditions have impacted on quality and, as a result, secondary lines sold cheaper.
At the conclusion of Thursdays markets;
- The eastern states restocker lamb indicator was 21¢ lower week-on-week, on 499¢/kg cwt
- Merino lambs lost 13¢ to settle on 525¢/kg cwt
- Light lambs were 16¢ cheaper on 533¢/kg cwt
- The Eastern States Trade Lamb Indicator (ESTLI) decreased 16¢ to 577¢/kg cwt
- The heavy lamb indicator eased 15¢ to 578¢/kg cwt.
Eastern states mutton yardings lifted 26% week-on-week, to 49,024 head. The higher numbers across all states resulted in the mutton indicator edging 9¢ lower on 384¢/kg cwt.
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