Con­di­tions im­pact sheep sup­ply

NewsMail - Wide Bay Rural Weekly - - NEWS -

UN­FAVOURABLE sea­sonal con­di­tions com­bined with the planned re­ten­tion of more ewe lambs for flock re­build­ing has prompted a num­ber of re­vi­sions to the Meat & Live­stock Aus­tralia’s 2017 Aus­tralian Sheep In­dus­try Pro­jec­tions mid-year up­date.

De­spite a strong per­for­mance for the first half of the year due to limited stock sup­plies, the first week of July saw the na­tional trade lamb in­di­ca­tor lose 93 cents from where it started in June, to 579c/kg car­case weight (cwt).

Since then, it bounced back some­what to 630c/kg cwt mid-July, be­fore fin­ish­ing the month av­er­ag­ing 580c/kg cwt.

A dry win­ter across many key pro­duc­tion ar­eas and poor sea­sonal out­look to Oc­to­ber will now cre­ate fur­ther un­cer­tainty for the sheep and lamb mar­ket.

MLA’s Ben Thomas said while prices were still strong the mar­ket would largely hinge on feed avail­abil­ity com­ing into spring, along with the ex­tent to which pro­cess­ing ca­pac­ity can ab­sorb the even­tual re­cov­ery in sup­plies.

To read the 2017 re­port visit www.mla.com.au.

PHOTO: FILE

SHEEP MAR­KET: TopX auc­tion­eers tak­ing bids at Wed­nes­day’s weekly sheep sale at the War­wick sa­le­yards.

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