Friday, January 24, 2020
Rain and low supply provide a welcome boost
Welcome rain across the eastern seaboard this week provided a jolt to lamb prices with most NLRS reported categories posting solid gains of between 20-60¢/kg on a cwt basis. The expected lower supply of lamb for the 2020 season already making a presence in lower weekly slaughter volumes and adding further support to lamb prices.
Friday, January 17, 2020
Only one week in the doldrums for mutton
Before Christmas mutton prices took a dramatic downturn. The talk was Chinese demand suddenly evaporating. The New Year has seen mutton return to previous levels, while lamb has also found some strength.
Friday, December 20, 2019
Buyers check off their wish list
Processors appeared to tick off the Christmas list early this year, with plenty of supply to see sheep and lambs booked up. There was no last minute rush to fill orders, and prices took the hit, dropping back to levels not seen since April.
Friday, December 13, 2019
Ovine yardings reaching a peak
It is the time of year when lamb yardings reach their seasonal high, driven largely by Victoria. It was Sheep that reached a record last week however. This is no surprise given the very good prices at a time of year when they usually hit their lows.
Friday, December 06, 2019
Mutton slaughter rising but prices steady
Sheep slaughter had its second highest week for the year as sheep continue to flow into markets. There has been little impact on prices however, as with lamb, slaughter is down, there is still kill space to fill.
Friday, November 29, 2019
WA closing on the east coast
Despite the free-flowing supply in the south Victorian lamb prices found some support, while mutton moved to a new record. WA lamb prices have also rebounded strongly and are now not far off the east coast.
Friday, November 22, 2019
More of the same for lambs and sheep
Sheep and lamb markets are doing funny things. Lamb slaughter is well behind the same time last year, yet prices keep falling. Sheep slaughter is the same as last year, and on the rise, but prices remain steady.
Friday, November 15, 2019
Sheep prices defy volumes
Mixed signals for the lamb market this week as the spring flush appears underway in South Australia, but Victorian volumes still sheepish. Speaking of sheep, mutton prices are holding up resolutely in the face of elevated volumes at the saleyard and at processors.
Friday, November 08, 2019
Mutton still finding support
There was no real impact from the rain this week in sheep and lamb markets, with a cautious approach seemingly being taken. There was also the issue of the three month outlook and continued strong supplies.
Friday, November 01, 2019
Pressure on markets but support should be found
Sheep and lamb markets continued to slide this week, with supply ramping up. We don’t know what happened with yardings and slaughter this week yet, but last week sheep slaughter was heading higher.