These Merino wether lambs, 43kg, from The Marra, central NSW, sold for $135.
Crossbred lamb numbers eased slightly on the previous week, selling from $111-$181, to average $156/head, back $4 for the 9,693 head offered.
The supply of Merino wether lambs outweighed demand during the auction, with the 6,611 head offered registering a very low clearance at auction end, with prices easing back $6 on last week, to average $113/head.
Merino ewe lambs registered a price increase this week, with the category up $30, to average $156/head. Clearance rates for the category were down significantly on last week however, reaching 28%.
Low clearance rates registered across both Merino ewe and wether lamb categories was indicative of selective buying this week. Post-sale negotiations in following days will provide further indication of sentiment in a clearly softening market.
The small offering of shedding breed lambs achieved the highest clearance across all categories – reaching 91% for the 917 head offered. Prices were back slightly on last week, selling from $100- $176, to average $138/head – down $2.
Composite/other breed ewe lambs prices remained steady on last week, averaging $148/head. Clearance was strong for the category, achieving 74% for the 1,442 head offered – the second highest rate achieved at auction end this week.
Joined ewe numbers totaled 20,226 head, down slightly on last week – accounting for 35% of the total offering.
SIL Merino ewes saw the largest offering across the joined ewe categories, with 12,995 head listed. However, selective buying was again prevalent, with clearance reaching 48%.
Prices ranged from $155-$347, to average $236/head – up $2, with the category registering the only price rise week-on-week across the joined ewe offering.
-AuctionsPlus