A 12pc fall in national cattle yardings and 9pc for lambs brought an end to the significant price falls of recent weeks, according to Meat and Livestock Australia.
It reports that milder weather and some patchy light rain across southern regions allowed more producers to resist the current prices.
The Eastern Young Cattle Indicator stabilised at 299¢/kg (carcase weight) this week, while the national Japan steer and US cow indicators rose slightly.
MLA says the on-going northern flood rains will result in significant stock losses, adding to the expected strong demand for breeding cows and heifers once the monsoon ends.
A 27pc fall in lamb yardings in NSW saleyards, saw lamb prices in that State rise, particularly on trade and heavy export lines.
However, the big rises were in WA, where Merino and trade lamb prices jumped 8pc and heavy lambs by 15pc, to levels above those in the eastern states.
MLA reports that competition between processors and live exporters saw trade lambs at Midlands reach 517¢/kg, or $119/head.
Strong live sheep demand is also boosting sheep prices, with the WA mutton sheep price up 24pc this week and Victorian average by 3pc.
Shipping wethers were quoted at $76/head this week, with some selling for $98 in Katanning.
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