Wintry conditions tighten supplies, prices rise
16 July 2015
Eastern states lamb supply, reported by MLA’s National Livestock Reporting Service, decreased 33% week-on-week, to 101,179 head, after cold and, in places, wet conditions affected consignments.
At the close of Thursday’s markets:
- The eastern states restocker lamb indicator was 12¢ lower week-on-week, on 520¢/kg cwt
- Merino lambs were 22¢ higher on 538¢/kg cwt
- Light lambs gained 40¢ to 549¢/kg cwt
- The Eastern States Trade Lamb Indicator (ESTLI) increased 41¢ to settle on 593¢/kg cwt
- The heavy lamb indicator lifted 29¢ to 593¢/kg cwt
Eastern states mutton yardings eased 25% week-on-week, totalling 38,767 head. The tighter supply was felt across all states and as a result prices lifted, with heavy mutton showcased at Wagga.
- The mutton indicator increased 32¢ week-on-week on 393¢/kg cwt.
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