WA sheep markets have kicked higher again with one of the largest meat processors in the world entering the market.
Australia’s best known prospector is the biggest shareholder in IGO, which has added nearly 50 per cent in value over the past three months.
WA sheep and lamb prices were stable for the first full week of the new year, with lambs holding at 800¢ and mutton at 600¢.
Red meat industry leaders have welcomed the signing of Australia’s free trade agreement with the United Kingdom, with the landmark deal set to facilitate a huge increase in tariff-free Aussie exports.
The local management consultancy has built up expertise in decarbonisation as Australian companies chase advice on the energy transition.
WA sheep and lamb markets were stable during the Christmas and New Year period with most buyers remaining at 800¢ for lambs and 600¢ for mutton.
WA sheep and lamb markets remained stable over the past week, with buyers holding firm on current bids.
WA sheep and lamb markets found some support last week, with buyers increasing their bids heading into Christmas.
WA sheep and lamb direct-to-end user markets started to feel pressure last week, and new-season lambs started to flow more freely into feedlots.
It was another steady week for WA sheep and lamb markets, with the top processor over-the-hook prices unchanged and Beaufort River Meats increasing its lamb prices slightly to match this level.
With a La Nina weather event officially comfirmed, the forecast of a wet summer for much of Australia could send soaring cattle and grain prices higher according to NAB.
Global meat producers are expected to face another disruptive year, but changes within the market will present savvy businesses with the opportunity for growth according to Rabobank.
The outlook for the Australian wool industry remains “volatile” according to a veteran WA wool broker, but it will weather the storm.
WA lamb and sheep spot markets were stable last week with most buyers holding their position in the market.
WA lamb and sheep spot markets faced more pressure last week, with several buyers lowering their bids.
WA lamb and sheep spot markets continued to ease last week, with buyers continuing to lower hook prices.
WA lamb markets were under more pressure last week, though farmers are showing interest even as prices slide.
WA sheep and lamb markets were stable last week, with buyers holding firm at 790¢ for new-season lambs at processors and 360¢ into feedlots.
WA cattle prices have hit a new record, with the Western Young Cattle Indicator climbing to a massive 1044.47¢/kg yesterday.
Australian abattoirs have been losing an average margin of $300 per head of cattle this year as local prices continue to surge.
WA sheep and lamb markets eased last week while goat prices continue to show “incredible strength”.
WA sheep and lamb markets showed signs of increased demand due to lower prices and increased supplies last week.
National sheep and lamb markets continue to see strong support at current levels, with processors, feedlots and restockers all actively chasing stock.
National processor prices were flat last week with WA lambs bid 820¢ and east coast prices remaining 20¢ to 40¢ dearer.
© West Australian Newspapers Limited 2022