Dally in supply always keeps the demand strong and so does the price. Even though the wet, cold winter has caused to push the new season lambs back, the lag in supply has helped to keep the prices strong.
According to Meat and Livestock Australia’s (MLA) sheep industry projects the national trade indicator to hit a record on the back of the autumn break with 627 cents a kilogram (carcass weight). It was in June that this high record was noted and it continued into July.
The last released National Livestock Reporting Service trade lamb over-the-hook indicator was at 610c/kg while heavy lamb OTH at 602c/kg whereas the lamb indicator was at 623c/kg and the heavy lamb indicator was at 631c/kg. However, showing the effect of the gap between the old and new season supply the top-end of trade lambs OTH was as high as 670c/kg.
Although the cold, wet season has slowed this year’s growth rates the predicted July update from MLA unfolded a similar pattern to last year. Lambs are being turned off at a slightly younger age maintaining their target weights. But when compared to last few seasons the supply is fairly short and not many agents are expecting any great numbers before September. Also by this time last year, there had already been a few suckers sold however, if there is decent weather for two to three weeks then agents are still expecting a few new season lambs to enter the market.
With reports of excellent scanning results, agents are hopeful for a good outcome as the bulk of lambing is still to arrive in many regions.
With high lamb prices predicted to continue now is the right time to invest in Yard Covers and Hay Sheds.
The post The Sheep and Wool Rise Prevails appeared first on ABC Sheds.
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