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Sheep Annual Review 2017

Sheep Update August 2017

Categories: Sheep & lambs, Commodities, General

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.

National mutton prices are also averaging 38 per cent higher than 2016, as producers held onto their breeding stock and capitalised on strong wool prices.

Launched by Rural Bank’s insights team Ag Answers, the review provides producers and industry with a concise analysis on sheep flock, lamb and mutton production, seasonal conditions, prices and demand in Australia and the global market. 

View the report (PDF, 1.1MB)

Source: Rural Bank

 

Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.