Heavy drops amid supply surge
SHEEP and lamb prices interstate have fallen spectacularly after last week’s gains, with prices down $30 to $50 a head across some prime and store markets.
In Victoria, young unshorn lambs of more than 24kg carcass weight were quoted at up to $50 cheaper at Bendigo on Monday while heavy to medium lambs were reported as $20 to $30 cheaper at the Hamilton sale.
Agents and buyers said Horsham’s store-sheep sale last week was $30 cheaper than the previous week’s sales at other centres.
The drop comes as the Victorian saleyard supply of new season’s lambs doubled week on week to 80,000 head, according to Meat and Livestock Australia.
An MLA spokesperson said increased supply had seen the heavy lamb indicator in Victoria ease 163c/kg carcass weight week on week.