Sheep prices remain limited with buyers booked out weeks in advance, and it will take some time to work through the backlog.
Western Australia’s lucrative sheep industries could become ‘unsustainable’ and ‘more susceptible to market volatility’ if Federal Labor’s plan to ban live exports is implemented, a leading analyst says.
Sheep prices are under further pressure, with lamb prices direct from processors about 15¢ lower for hot standard carcass weight.
Meat and Livestock Australia has launched a new independent price indicator to help the live export industry make more informed decisions and drive profitability in the northern cattle trade.
Australian sheepmeat producers are among the most efficient and profitable in the world according to a new report, but farmers have been warned not to rest on their laurels.
In sheep markets, the situation has quickly shifted from a lack of available stock to a large oversupply.
The Easter holiday break has come and gone, and with Anzac Day not far off, sheep sellers have been actively trying to sell to get ahead of the coming short weeks.
The renewed strength in grains is due to dry conditions across the hard red winter wheat region of the US and throughout Canada.
WA cattle prices have hit another all-time high, with the Western Young Cattle Indicator breaking through the 1200¢/kg mark as restocker demand soars.
Western Australian sheep markets and yardings continue to feel the effect of COVID-induced staff shortages and prices have dropped in response to being booked out weeks in advance.
Sheep prices have dropped slightly this week as WA feels the effects of COVID-19 restrictions, which are slowing the pace of trade and processing.
Western Australian direct consignment sheep prices have again held firm this week, with top prices at $8.40/kg and $6.10/kg carcass weight.
The most expensive Dorper ram ever sold in Australia will be used as the genetic foundation of a new stud at Toodyay after three enterprising brothers claimed the coveted $62,000 purchase.
Sheep and lamb direct consignment prices remain at a premium in WA, with feedlots bidding on average 367¢ for XB lambs and 360¢ for Merinos weighing around 40kg.
In Monday’s Muchea sale, prices declined for most types of sheep and lambs and the yarding at Katanning was down to about 6000 head — half that of the week prior.
Woodside shares are less than $2 short of their pre-pandemic levels after beginning the week with a near 10 per cent gain.
Australian sheep yardings and prices were strong across the country this week.
There were slight increases in WA sheep prices this week, with good numbers traded.
Sheep prices remain firm, with WA Lambs trading around $8.30/kg and East Coast having jumped slightly to approximately $8.50/kg.
Heavier trade lambs continue to sell well, with the number traded at Katanning higher than any other yardings in Australia.
A mad cow disease outbreak in Canada could be good news for Australia, with analysts saying the Aussie beef industry could potentially increase its share in key markets.
WA sheep prices remained stable week on week, with $8.30/kg the price to beat for lambs and $6.10/kg for mutton.
Agribusiness banking specialist Rabobank has appointed Stefan Vogel as general manager of its food and agribusiness research division in Australia and New Zealand.
WA sheep markets have kicked higher again with one of the largest meat processors in the world entering the market.
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