A year in review: The Australian sheep and lamb market

Published 2024년 12월 12일

Tridge summary

The Australian sheep and lamb market in 2024 saw recovery, volatility, and a record production, with quality being a key factor influencing price. The industry experienced challenges such as varied conditions across regions and a surplus of stock in WA. However, strong export demand and increased processor capacity have supported the market. The sector has processed over 37 million sheep and lambs, surpassing previous records. Looking ahead, the focus is on growing international markets, potential Free Trade Agreements, the US protein situation, and breed dynamics, with implications for sheepmeat production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

2024 has been a year of recovery, nervousness and record production. Compared to the previous 12 months, the sheep and lamb market has shown strength and stability. However, when we look further back, unpredictability and volatility have continued to impact producers across the country. Cautiousness Coming out of an extremely volatile market, the sheep and lamb sector entered the new year in seeming recovery. Driven by a positive summer across much of the east coast, markets reflected a move beyond the confidence and climate-impacted 2023. The market, however, did not remain in recovery, and instead fell more dramatically than the previous year. Producer sentiment in May reached +4, remaining 22 points below the previous year. This initial volatility impacted producer confidence in the market as well as trading decisions. Cautiousness remained through the year as prices lifted in the autumn market and continued as prices surpassed the 2023 market. Duality of conditions As the year ...

Source: Mla