Competition for hoggetsupplies takes price to 650 cents/kg in strong market

Sheepmeat market report

Up to 650 cents/kg is generally being paid for hoggets.

Following a year in which average lamb prices increased 10%, the strong market has continued into 2021, at factories and at marts, where there is a flying trade, with record prices being paid for the small supply of hoggets on offer, and strong competition between butchers and factory agents.

Hogget supplies for the factories are scarce, so there is a strong market for those with finished stock to sell.