Mutton is the word of the month when it comes to the sheep market. The national indicator had been experiencing a gradual rise since the beginning of the year, until April, that is. Since then, we’ve seen dramatic rises and falls week to week. Currently, the National Mutton Indicator is sitting at just above 510¢/kg, having lost nearly 50¢/kg in the past seven days. But this was after it lifted 80¢/kg for the month and had the largest lift on record. It is also trading above the five-year average, which prior to April, we hadn’t seen since early 2023.
