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Sheep Prices Surge to Record Highs
Description
Australia’s mutton prices are soaring to record highs, with sheep fetching over $1,000 per kilo carcass weight and heavy ewes selling for up to $396 each—up from just $100 per kilo three years ago. Driven by tight supply, strong demand, and fierce buyer competition, the market is seeing historic spikes even as shearers in Tasmania scramble for sheep, a rarity not seen in over a decade. With Meat and Livestock Australia forecasting a national flock drop to 64 million, the industry faces a looming challenge: rebuilding breeding ewe numbers. Meanwhile, wool prices surged despite a century-low clip, with total sales hitting $2.6 billion—a $675 million jump from last year.
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