Sheepmeat market buoyant across Australia, while Western Australia mutton slaughter booms

Published 2024년 12월 2일

Tridge summary

High global demand for sheepmeat has led to high prices for heavy lamb, reaching above $9 in some areas, while Western Australia is offloading large volumes of mutton due to destocking. The national heavy lamb indicator is higher than trade lamb, with strong demand from processors and strong export figures, particularly from the US and Middle East, supporting these prices. Wet weather in Wagga Wagga has also increased prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A small volume of interested bidders at a recent Jamestown market. Picture by Kiara Stacey. High global demand for sheepmeat has helped prices remain high later into the year, with heavy lamb in particular commanding premiums, reaching above the $9 mark in some centres. 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 Meanwhile Western Australia is turning off unusually high volumes of mutton as the state's sheep industry continues to see widespread destocking. While the national heavy lamb indicator is at 880c, trade lamb has lagged behind somewhat at 818c. The light lamb indicator was, as of Monday, at 727c, while Merino lamb was 628c and restocker lamb 699c. The national mutton indicator was 365c. Meat & Livestock Australia senior market information analyst Erin Lukey said the gap between heavy lamb and trade lamb keeps widening, counter to what ...

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