Collinsville is keeping an eye out for MLA’s 2019 Sheep Industry Projections which will give insights behind production forecasts and highlight the markets to watch for this year.
The general observation in 2018 was that many sheep producers were looking to expand their flocks to take advantage of strong wool (and meat) prices – then the drought hit. Lack of rain in south-east Australia and almost no rain in areas of NSW led to sheep slaughter rates climbing, poor marking rates and inevitably volatile lamb supply. Let’s hope 2019 brings a wetter year with a better outlook for our customers and woolgrower friends.
You can catch Meat & Livestock Australia’s Sheep Market Review 2018 full read (released in December 2018) here.
