Sheepmeat market boom brought down to earth by price cut

Sheepmeat market report

Farmers still getting 620c/kg for hoggets, despite this week's price cut.

The trade for hoggets has taken a backwards step, with the first price cut for quite some time.

“It could have been worse” was the view of one sheep farmer, when quotes at the factories were reduced by around 20 cents/kg on Monday morning, bringing base prices on offer to a 580-600 cents/kg range.