Lamb prices surge despite spring supply boost across southern Australia
Lamb prices rose 8 per cent over four weeks as October sheep and lamb supply increased, defying usual supply-price patterns.
Spring livestock supply is increasing across southern Australia, with Western Australia's sheep index jumping from 34 per cent to 55 per cent in October. Victoria, South Australia, and Tasmania also recorded notable rises in both sheep and lamb numbers arriving at saleyards.
Typically, higher supply pushes prices down. Trade lamb prices climbed about 85 cents per kilogram to reach 1165 cents per kilogram, despite increased supply.
Export demand remains strong, with Australian sheepmeat exports reaching 36,193 tonnes in September, up 16 per cent from July, with China, the US, and other markets absorbing significant volumes. For processors, the situation remains tight: additional livestock supply has yet to translate into lower procurement costs despite the increased spring throughput.
- 8 per cent over four weeks
- Lamb price increase
- 34 per cent to 55 per cent
- WA sheep index jump
- 1165 cents per kilogram
- Trade lamb price
- 36,193 tonnes
- September exports
Why it mattersFarmers and processors are navigating an unusual market where increased supply hasn't eased some pressure on livestock costs.
AustraliaAustralian farmers selling lambs are seeing stronger prices this spring, but processors purchasing livestock face continued high costs that may not ease as supply grows.
✓ Claims checked against the source. checked 2 h ago
