Friday, April 19, 2024

Australian lamb production decline modest

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(REPORT RELEASE) The post drought decline in national lamb slaughter in 2016 is only expected to be small, down 3.4% year-on-year to 21.5 million head, Meat and Livestock Australia says. The fall in lamb production is forecast to be even more modest (down 2.2% year-on-year), to 482,000 tonnes carcase weight due to further increases in average lamb carcase weights.
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Improvements in lamb marking rates and small gains in average carcase weights are expected to drive lamb production from 2017 onwards – reaching 552,000 tonnes cwt in 2019.

The demand for Australian lamb in 2016 will continue to be heavily influenced by international customers, with the A$ tipped to hover below the US 70¢ mark, which will assist trade and Australian lamb prices considerably.

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