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Story summary
- Global lamb prices are expected to hit $13.50/kg by mid-2026, then decline to $9.50/kg due to increased supply, according to analyst Simon Quilty.
- Angus feeder steer prices may rise to $7.50/kg by October 2026, stabilizing at $5.50/kg thereafter.
- Increased processing capacity and fewer wool growers support stable supply.
- Australia and New Zealand represent 80% of global sheep meat exports, though New Zealand's flock has decreased by over 40% in 22 years.
- Global beef prices remain robust due to reduced production, with Australia and China experiencing increases.
