Rural Bank Insights Update - January 2020
The January update provides an analysis of production and pricing trends for Australian sheep producers. It provides producers with a timely overview of current trends and an outlook for the coming months. The highlights include:
- Chinese demand for lamb and mutton is expected to be sustained throughout the coming year.
- The benefit of high prices and strong export demand will be limited by reduced production, particularly if significant rain leads to restocking in autumn months.
Rural Bank Insights Update - November 2019
The November update provides an analysis of production and pricing trends for Australian sheep producers. It provides producers with a timely overview of current trends and an outlook for the coming months. The highlights include:
- Australian lamb prices are expected to follow typical seasonality and ease for the remainder of the year; however supply and demand fundamentals should support values at least 7 per cent above last season’s low.
- Export demand to remain robust and support lamb and mutton prices above 2018 levels.
Australian Lamb and Sheep Meat Annual Review
The price of lamb and mutton exported in January to April 2018 increased by five and 3.5 per cent respectively, due to increased slaughter rates and higher export volumes. This follows strong export volume growth in 2017 which saw the industry’s value rise by $622 million to reach $3.7 billion.
The Review advises that while the outlook for 2018 remains positive for sheep producers, drier than average conditions have forced some producers to purchase more feed or consider turning-off stock, rather than increasing flocks to benefit from these historically high prices.
Australian Sheep Update October 2017
The latest Ag Answers Australian Sheep Update has been released, showing that exports have increased 24 per cent year-on-year, driven by the value of lamb exports increasing by more than 20 per cent when compared with 2016 figures.
The update reveals the value of sheep meat exports is trending higher in 2017 due to strong gains in export unit prices and a small increase in export volumes.
Australian Sheep Annual Review
Ag Answers has released the 2016/17 Australian Sheep Annual Review. The review shows the Australian sheep industry is continuing to go from strength to strength off the back of increased prices, production and exports.
Strong demand and tight supply in the first half of 2017 has caused the National Trade Lamb Indicator (NTLI) to continue to average higher for the fourth year in a row, averaging 639c/kg cwt for the first half of 2017, 14 per cent higher than the same period last year.
Australian Sheep Update April 2017
Lamb and mutton prices both had a blistering start to 2017. The national trade lamb indicator has averaged 14.5% higher in the first quarter of 2017 compared to the last quarter of 2016, more than double the 5 year average increase of 6.5%.
The April 2017 Australian Sheep Update provides producers and industry with a concise analysis of the Australian Sheep sector.
Want more information?
Rural Bank recognises the importance of relevant information to enable sound business decision-making. To view our other reports please visit our Insights page. You can also receive reports direct to your email by subscribing to Rural Bank Insights.