Australia: Slaughters spike as mutton and lamb demand strengthens

The confluence of strong lamb and mutton demand, and drought-induced strong supply has seen Victorian and NSW processors killing many more lambs and sheep than last year (2017) to keep up. It’s also been five years since this many sheep and lambs have been slaughtered in May. Historically, anything over 600¢ is a good lamb price, but it’s becoming the norm in June. This will be the third year in a row, although prices are still around 10% behind the 2017 June price. Click here to read more on the Australian mutton market. – Mercado