Newsletters

Sheep notes

Summary

  • There were 14.4 million sheep and lambs in Western Australia in mid-2014 including 8.0 million breeding ewes.
  • Total turn-off in 2014/15 is projected to reach 5.4 million putting downward pressure on the flock. Turn-off includes 2.3 million lambs slaughtered, 1.3 million sheep slaughtered for mutton, and 1.8 million sheep exported live.
  • The main lamb and mutton over-the-hooks indicators averaged 60-65 cents higher in 2014/15 than in 2013/14. In June 2015;
    • The heavy lamb over-the-hooks indicator – averaged 560 cents;
    • The mutton over-the-hooks indicator – averaged 285 cents.
  • Live export wether quotations in 2014/15 averaged $91 per head, $12 higher than in the previous year.
  • In 2014/15, the Western Market Indicator (WMI for wool) averaged 1132 cents, 34 cents higher than in 2013/14. However, the premium for finer wool remains low with the 19 micron price guide just 8% higher than the WMI compared to an average closer to 20% in earlier years.
  • The surge in the value of sheep meat exports seen in 2013/14 has continued in 2014/15 as an increase in the average price offsets a decline in volume resulting in total export value of ~$317 million free on board (FOB).
  • A 1% increase in the number of live sheep exported plus a 15% increase in the average wether price has increased the export value of live sheep by 21% in 2014/15.

List of acronyms and abbreviations

List of acronyms and abbreviations used in this newsletter
Name or term in full Acronym

Australian Bureau of Statistics

ABS

Australian dollar

AUD

Australian Wool Exchange

AWEX

Australian Wool Testing Authority

AWTA

Carcase equivalents

ceq

Department of Agriculture and Food, Western Australia

DAFWA

European Union

EU

Free on board

FOB

Meat and Livestock Australia

MLA

National Livestock Reporting Service

NLRS

Over the hooks indicator

OTHI

Sale yard indicator

SYI

Western Market Indicator

WMI

Western Australia

WA

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