Lamb and sheep markets have weathered the dry conditions of the last two years well compared to cattle, but haven’t seen the surge in prices we’ve seen for cattle recently. Strong prices and rainfall are likely to see a flock rebuild, which will weaken sheep supply. On the other hand, if recent joining trends continue, lamb supply is likely to remain steady or continue to grow.
So will this see prices face headwinds? What's the lamb market outlook? Importantly, what prices can we budget on for the coming years?
In this webinar, Meat & Livestock Australia (MLA) Manager Market Information, Ben Thomas, will outline MLA's sheepmeat industry projections for the next five years. Mecardo's Angus Brown will then take a look at what these projections might mean for sheep and lamb prices down the track.