Market Comment
Lambs back to 600¢/kg mark
The positivity in the sheep and lamb market has continued to pick up this week, yet to be slowed by the upcoming festive season break
Jamie-Lee Oldfield
December 8, 2023
The positivity in the sheep and lamb market has continued to pick up this week, yet to be slowed by the upcoming festive season break
It’s that time of year when we dust off the crystal ball and take a look at what markets are likely to do in 2024.
Widespread rain on the East Coast helped prices continue their upward trajectory, supported by a decrease in throughput as growers’ feed supply concerns further eased.
Sheep slaughter for the September 2023 quarter rose year-on-year but dropped in comparison to the previous quarter, the first time this has occurred since 2016.
Rainfall in the east – whether it actually fell or is still forecast to come – continued to support sheep and lamb prices this week,
The Australian Bureau of Statistics (ABS) released its quarterly Livestock Products report last week, and while we can get some indications from weekly data, the
The lamb market performance was varied this week, with a modest uptick in prices for some categories. New season lamb numbers are on the rise,
There have been rumours swirling of forward contracts for lamb in the range of 650¢/kg being offered up for the new year. While I haven’t
Australia’s October sheepmeat exports were the highest monthly total on record, driven mainly by significant increases in mutton volumes. Unfortunately, record-breaking exports and strong slaughter
While prices for lambs aren’t great, and mutton is still depressed, the good news is that at least the heavy lamb production from strong slaughter
From producers to exporters, the supply chain is in the thick of the Spring seasonal supply increase. Processors are working at full throttle, as total
The live sheep export industry is still showing resilience against its impending federal government ban, continuing to trade above year-ago levels. In September, more than
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In this report for LiveCorp and MLA, we analysed the historical trends in the demographics of the Australian sheep flock, examining domestic factors that influence farm-level enterprise decision making.
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