The April Australian Sheep Industry Update is influenced by strong producer intent to retain ewes for flock rebuilding, and retaining Merino wethers for wool production. The result is an even greater year-on-year decline in lamb slaughter and production than what was originally forecast for 2017, and a significant contraction in mutton slaughter - in fact, to be the second lowest on record.
The combined result is 2.7 million fewer sheep and lambs processed in 2017 which, when combined with high wool prices, suggests that Australian sheep and lamb markets are set to be the strongest ever – even with the poor April to June rainfall outlook.
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