Australia: Slaughter rates are expected to ease after a strong year for lamb sector

Published 2024년 12월 12일

Tridge summary

The ANZ Summer Agri In Focus report forecasts a decrease in sheepmeat slaughter rates over the summer due to a drop in supply from the north and reliance on southern supply affected by weather conditions. The report also notes a significant growth in lamb prices over the past year, driven by a variable season in the south leading to a shorter supply of heavy lambs. There has been a persistent gap between lighter and heavy lambs, with concerns over feed availability limiting the number of heavy lambs. Despite high overall slaughter numbers, figures have varied state-by-state due to seasonal differences. Retail lamb prices have risen, making them competitive compared to pork and poultry. There has been growth in Australian export markets for lamb, which has contributed to demand for heavy lambs, although there was a 13% decline in lamb exports to China in the first ten months of the year. However, mutton exports to China saw a 43% increase in the same period.

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

Original content

The ANZ Summer Agri In Focus report highlights 2024's sheepmeat price rises and high slaughter. Picture by Joely Mitchell. Sheepmeat slaughter rates are expected to wane over summer as supply from the north declines and processors become reliant on the southern, weather-impacted supply. All articles from our website & app The digital version of This Week's Paper Breaking news alerts direct to your inbox All articles from the other agricultural news sites in your area That's according to the newly released ANZ Summer Agri In Focus report. The report highlights how strongly lamb prices have grown over the past year, mainly due to a variable season in the south leading to a shorter supply of heavy lambs. The report further highlights that since late 2022, a persistent, albeit volatile, gap has emerged between lighter and heavy lambs, with dry conditions and concerns over feed availability in the major southern sheep-producing areas limiting the number of heavy lambs on offer. The ...

Source: Queenslandcountrylife