WELCOME rain in central and southern WA reduced sheep and lamb supply this week, causing lamb throughput at MLA’s NLRS reported markets to decline 42 per cent on last week, and halving mutton yardings.
Restocker activity was kick-started after the rain, with strong producer interest in the reduced offering of Merino and crossbreed store lambs.
Local processor demand was strong on the finished trade and heavy pens, with the better quality yardings at both Muchea and Katanning contributing.
Live export orders sourced mainly store lambs and finished wethers at slightly dearer levels.
Restocker prices remained firm at $68 a head, while contracted Merino lamb supply led to prices gaining six cents, to 466c/kg cwt.
Light lambs benefited from feeder and restocker competition, gaining nine cents, to 472c/kg cwt.
Trade lamb prices were the highest paid so far in 2010, gaining 12c to settle at 501c/kg cwt.
Heavy lamb values remained firm at 488c, and mutton prices gained 19c, to 344c/kg cwt.