Mutton rewrites the record book…again

TopX
Source: TopX, 22 July 2009

The national mutton sheep indicator lifted a further 17¢ this week, to a record 310¢/kg cwt – 53% above the same time last year. This was driven by a 24% year-on-year fall in sheep yardings, intense live sheep export buying and continued strong mutton export demand, particularly from the Middle East. Prices averaged 344¢ in Victoria, exceeding carcase weight values for all cattle indicators, bar young cattle.

Live exporters reportedly were paying extraordinary prices of $51 to $93/head for medium weight ewes in WA this week, and up to $134/head for wethers (573¢/kg cwt).

National lamb price indicators eased only 2¢ across the board this week, despite a 13% jump in national yardings (17% higher than last year). The point of focus remains on WA lamb prices, with trade and heavy export lambs 16%-18% above the corresponding NSW indicators.

Tight supplies and further southern rains helped lift young cattle prices seasonally this week, particularly in NSW and Victoria. Feeder prices rose by 3-4¢/kg lwt in southern states, indicating the tight supply and some improvement in feedlot interest. Export categories remain sluggish, despite some tentative signs of the expected seasonal strengthening from Japan and Korea, dampened by the rising A$.22/07/2009

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Flinders River Meats

Flinders River Meats : Bringing Mutton back on the menu, with the help of the Maremma Livestock Guard Dogs, Dunluce has been able to continue to run sheep in North West Queensland and supply good quality sheep meats to the local region.

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