Year in review 2024: Sheepmeat prices in Australia going strong after challenges of 2023

Heavy lamb prices have risen strongly through 2024. Australian lamb producers have hit Christmas with a much more positive outlook than this time a year ago, with lamb prices $2 to $3 a kilogram better throughout the year. 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 Confidence was much higher through 2024 as the market bounced back from 2023's challenging conditions but the global cost of living crisis is expected to cap how high lamb prices go. Heavy lamb has been the real belle of the ball in terms of both price gains and premiums over other categories, rising from just below $6 last December to around the $9 mark during the traditional winter peak, and after dipping again hit a December price record with the indicator climbing above 930c. The gap between heavy and trade lamb also widened throughout the year, reaching a difference above 50c ...