Market Morsel: It’s nearly a half flush
Sale yard throughput across the east cost has been lacklustre over November. Cattle yardings have lifted for the week ending 25th November thanks to gains in Queensland & NSW but lamb throughput is still struggling to make up the normal spring numbers, particularly in Victoria.
There was a 34% lift in saleyard numbers in Victoria from the previous week, but that was a particularly low base to bounce off at nearly 53,000 head. The week ending 25th November saw 70,956 head of lamb presented at Victorian saleyards, which is 44% under the normal flush volumes seen at this time in the year. It’s fair to say that it is pretty much a half flush for Victoria presently.
NSW made up for the abnormally low Victorian lamb volumes with nearly 105,000 head of lamb throughput, a 73% gain on the week prior, but again this was off a relatively low base. NSW lamb yarding levels are at least sitting above the seasonal average for this time of the year with 21% more lambs yarded than the five-year average trend shows.
Across the entire east coast 206,851 head of lamb were yarded and with Victoria putting in such a weak performance total east coast lamb volumes are sitting 16% below the average weekly levels that would be expected for this week in the year at nearly 250,000 head of lamb.