Australia: Heavy lambs reach a very merry 932c/kg, while light lamb prices also soar

Heavy lamb prices have continued to surpass December records, and light lamb prices have also risen as the last sales of the year approach. The heavy lamb indicator, which already achieved a December record about a fortnight ago, has pushed even higher, hitting 932c. With the heavy lamb market close to tapping out, light lambs have now seen an uptick in demand, with the indicator gaining 72c over a week to 812c. Meat & Livestock Australia senior market information analyst Erin Lukey said light lambs had reached their highest price point for the whole year, while the heavy lamb market continued to show strength. "Numbers have come back, but that demand is still strong, and processors are keen to keep filling their chains right to the end of the year," she said. "There's obviously still some competition remaining." Ms Lukey said the market had remained firmer for longer than anyone had expected. "From our Sheep Producer Intentions survey, we know that there is still a fair few ...