Impact of High Prices on Lamb Offerings
Prolonged high prices are affecting retail lamb offerings, with butchers and discount retailers like Costco slowing their lamb purchasing due to elevated saleyard prices.
Despite increased yardings, retailers are struggling to maintain lamb offerings amid supply constraints, which may impact availability into 2026, according to Elders senior analyst Richard Koch.
Less lamb had been consumed domestically, as exports had been relatively steady amid tighter supply
Recent weeks have seen some stability in the lamb market, but heavy, trade and restocker lamb indicators remain over $10/kg at saleyards, while light and Merino lamb is in the $9 range.
Author's summary: High prices affect lamb offerings.