Sheep and lamb to strengthen

Central and North Burnett Times - - RU­RAL WEEKLY -

AUS­TRALIA’S sheep and lamb mar­kets are pre­dicted to strengthen fur­ther with near record prices, as pro­duc­tion and slaugh­ter fore­casts are re­vised lower for 2017, ac­cord­ing to Meat and Live­stock Aus­tralia’s quar­terly up­date of its 2017 Aus­tralian Sheep In­dus­try Pro­jec­tions.

MLA’s man­ager of mar­ket in­for­ma­tion ser­vices, Ben Thomas, said the mar­ket was be­ing in­flu­enced by a com­bi­na­tion of fac­tors, in­clud­ing ex­tremely strong pro­ducer in­tent to re­tain ewes for flock re­build­ing, the cur­rent strength of the wool mar­ket and low grain prices.

“Lamb slaugh­ter is ex­pected to con­tract fur­ther this year, re­vised down a fur­ther 500,000 head from orig­i­nal pre­dic­tions to 21.5 mil­lion head for 2017 and down 1.5 mil­lion head, or 7%, on the 2016 record,” Mr Thomas said.

“In terms of avail­abil­ity through­out the year, on the ground re­ports sug­gest a rea­son­ably strong sup­ply through to the end of April, be­fore num­bers will be­come tight un­til the new spring flush.

“Lamb pro­duc­tion is ex­pected to fall 6% year-on-year in 2017 to 481,600 tonnes car­case weight (cwt), be­fore re­bound­ing back above the 500,000 tonnes mark in 2019.”

See mla.com.au for more in­for­ma­tion.

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