On the bright side, the continued high price of mutton may have a positive effect on the demand for goat meat over coming months with some markets substituting goat meat for mutton based on price. This is the reverse of what was happening several years ago when there was an oversupply of cheap mutton in the market.
During the first quarter of 2009, goat prices continued the weaker trend experienced during 2008 with prices across all grades moving to lower levels. The Eastern States over-the-hooks goat price showed some signs of improving earlier in the year reaching a high of 170¢/kg cwt for medium weights (16-20kg cwt) before retreating to a 5 year low of 147¢/kg cwt by the end of March.
Goat quality has been good for those coming from areas where seasonal conditions have been favourable however there have been large numbers of light weight goats, particularly does, coming from southern areas as the cooler months approach.