Sheep prices at record 412c/kg

MLA: Sheep prices at record 412c/kg

Sheep
MLA REPORT: The national mutton indicator is in the upper realms of price records this week, closing on 412c/kg carcase weight.

MLA REPORT: The national mutton indicator is in the upper realms of price records this week, closing on 412c/kg carcase weight.

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The national mutton indicator remains in the upper realms of price records this week, closing on 412c/kg carcase weight.

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MEAT and Livestock Australia says the national mutton indicator remained in the upper realms of price records this week, closing on 412c/kg carcase weight on Thursday.

Reporting in the MLA Market News, MLA says the limited sheep availability is the primary driver behind the strong prices nationally, with strong wool and lamb values enticing producers to retain whatever ewes they can, especially on the back of poorer lambings in the second half of 2016.

Around the country, the market was fairly mixed, with NSW and Tasmanian mutton prices hovering around 400c, while SA averaged 324c, MLA reports. Despite only patchy showers and feed conditions remaining a concern for parts of Victoria and WA, each of those states remained dearest, with Victoria at 443c, and WA at 432c.

Exacerbating the present WA supply situation has been some producers retaining sheep as a means of fallow management for upcoming winter crops, ultimately assisting the market to stretch well above the national average and eastern sates counterparts.

MLA’s Sheep Industry Projections currently estimates national mutton slaughter to remain steady with 2016, at 7 million head, which is down more than one million head from 2015 levels. Expectations are for the limited availability to remain an influential market factor throughout the winter months, before alleviating somewhat in the final quarter of 2017.

The story Sheep prices at record 412c/kg first appeared on Queensland Country Life.

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