Markets poised on shaky ground

Lamb and sheep indicators were all negative this past week


Sheep
TIGHT GRIP: The declining season across southern Australia holds a tight grip on livestock sales which were significant easier this week.

TIGHT GRIP: The declining season across southern Australia holds a tight grip on livestock sales which were significant easier this week.

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A build-up of front end supplies at processing plants has reduced buyer activity in physical markets

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Lamb and sheep indicators were all negative this past week following a build-up of front end supplies at processing plants resulting in the withdrawal of buyer support in physical markets.

The deteriorating season and the high cost of feed has placed increased pressure on those holding stock for sale later in the autumn and this has led to a higher than normal turn-off both direct to works and in the market than has been processed.

The main lamb and sheep indicators fell 13-26c/kg and now lie in the 600-625c/kg range for lamb and at 365c/kg for mutton.

Cattle indicators were more varied: firmer for trade young and heavy steers but easier cows and feeder steers. The EYCI also lost 2.5 per cent  for the week.

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