National Trade Lamb Indicator: Wagga Wagga, Forbes, Corowa, Ballarat, Dubbo

Trade and restocker lamb prices are bouncing around, with both rising more than 20c/kg in a week.

The benchmark National Trade Lamb Indicator is sitting at 777c/kg carcass weight on February 20, 2025.

It is a rise of 16c/kg in a week, and 153c/kg higher than at the same time last year.

The NTLI, calculated by Meat and Livestock Australia, is a seven-day rolling average of trade weight lambs from National Livestock Reporting Service reported saleyards across Australia. The NTLI includes lambs up to 12 months of age with all fat scores and carcass weights from 20–26kg.

Meanwhile, the restocker lamb indicator has risen to 689c/kg, which is up 31c/kg in a week and 170c/kg higher than a year ago.

The mutton indicator has risen to 366c/kg, it is a jump of 29c/kg in a week. It is 139c/kg higher than a year ago.

Trade lamb prices have lowered slightly.

The National Trade Lamb Indicator’s latest close is based on 31,613 lambs sold during the past seven days. The top contributing saleyards were as follows:

CVLX Ballarat

Head: 7365

Contribution %: 23.30

Average Price (c/kg cwt) Current Close: 793.01

Hamilton

Head: 5964

Contribution %: 18.87

Average Price (c/kg cwt) Current Close: 786.49

Forbes

Head: 3499

Contribution %: 11.07

Average Price (c/kg cwt) Current Close: 808.00

Bendigo

Head: 2239

Contribution %: 7.08

Average Price (c/kg cwt) Current Close: 780.16

SA Livestock Exchange

Head: 1741

Contribution %: 5.51

Average Price (c/kg cwt) Current Close: 734.53

Corowa

Head: 1614

Contribution %: 5.11

Average Price (c/kg cwt) Current Close: 744.17

Horsham

Head: 1459

Contribution %: 4.62

Average Price (c/kg cwt) Current Close: 768.91

Dubbo

Head: 1442

Contribution %: 4.56

Average Price (c/kg cwt) Current Close: 801.69

Cowra

Head: 1172

Contribution %: 3.71

Average Price (c/kg cwt) Current Close: 783.19

CTLX Carcoar

Head: 1154

Contribution %: 3.65

Average Price (c/kg cwt) Current Close: 827.91