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Lamb a prime option for sheep farmers
17 Jan 2005
The wool industry may be stagnant, but prices for prime lambs continue to bloom. ABARE has forecast that for the first half of this year that lamb will average 365 cents per kilogram at the saleyards. The national forecaster also expects lamb to stay well above 300 cents per kilogram for at least another three years. Lamb production is expected to increase by about eight per cent each year over the next three years. ABARE and Meat and Livestock Australia expect growing demand for lamb, particularly in the United States, will largely offset the price affect of the increase in stock.
The Land, 17/01/05
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