Australian Lamb Prices Soar to Record Highs Amidst Tight Supply
Lamb Prices Hit Record Highs in Australia – June 2025
The lamb prices June 2025 update reveals a record-breaking market. According to Meat & Livestock Australia (MLA), national lamb indicators have surged to unprecedented highs, even as winter supply remains tight.
Key Price Movements
All major lamb categories moved upwards in June:
-
Light Lambs: 924¢/kg carcase weight (cwt)
-
Trade Lambs: 1,049¢/kg cwt
-
Heavy Lambs: 1,041¢/kg cwt
Notably, trade lamb prices overtook heavy lamb values for the first time. This reversal highlights a shift in buying behaviour, with strong interest in mid-weight animals.
Market Drivers
The seasonal winter lull in lamb supply has provided firm support to prices. In addition, demand from both domestic retailers and export markets such as the United States remains strong. Increased competition for limited mid-weight lambs has added further upward pressure on prices.
At the same time, weekly slaughter volumes stayed high, averaging around 471,000 head. However, upcoming processor closures over winter could slow the pace and tighten availability even further.
Outlook for Lamb Prices
Looking ahead, market conditions suggest that the lamb prices June 2025 highs are likely to persist in the short term. Prices may remain elevated until new-season lambs arrive in spring, which could help ease supply constraints.
Overall, the Australian lamb market update shows both opportunity and risk. Export demand is strong, but limited supplies and processing challenges could keep pressure on prices through the coming months.
