Sheep Prices Surge to Record Highs

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. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8eb3790812fe3602