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 Prices fall as young lambs hit the market 

Prices fall as young lambs hit the market

29 Sep, 2008 03:50 PM
There was a turn-around in lamb prices at saleyards last week as young lambs made their presence felt, according to Meat and Livestock Australia.

MLA reports that national yardings increased by 1pc with the biggest jump at Dubbo, Ballarat, and SA LE.

Young lambs accounted for 70pc of the total lambs yarded last week.

The national lamb indicators fell between 8¢ and 54¢/kg (carcase weight).

MLA says the consistent high prices at physical markets in recent weeks have encouraged greater lamb supplies and this has been one of the main factors behind the cheaper prices.

Despite recent rain, the warm temperatures and drying winds in some areas have also forced producers to offload.

This has led to quality being varied as some of the larger numbers were unfinished light 1 and 2 scores.

The national trade lamb indicator tumbled this week, by 54¢ to 380¢/kg.

The largest fall of 62¢/kg was recorded in NSW, where lamb availability decreased 8pc from last week.

Trade lamb prices in SA and Victoria also declined 55¢/kg and 58¢/kg, to 373¢/kg and 387¢/kg respectively.

Even though their supplies are not large, heavy lambs have followed the declining trend to fall 49¢ to 384¢/kg nationally.

The biggest falls were recorded in Victoria and NSW, which fell 60¢ and 64¢/kg respectively.

Heavy lamb prices in SA lost 44¢ to 363¢/kg.

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