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.
According to Elders senior analyst Richard Koch, retailers have been working to maintain lamb offerings amid supply constraints, but the ongoing price dynamic may impact availability into 2026.
- Heavy, trade and restocker lamb indicators have remained over $10/kg at saleyards.
- Light and Merino lamb is in the $9 range.
Less lamb had been consumed domestically, as exports had been relatively steady amid tighter supply.
Author's summary: High lamb prices affect retail offerings.