date:Nov 22, 2018
vels since the middle of the year as producers try to manage stock numbers.
What does it mean?
Normally such an increase to the supply of sheep being turned off would be expected to act as a headwind on price.
However, it appears the surging demand out of the USA and China has been a counterweight to the higher supply.
Since the start of July 2018, mutton prices have been averaging 11.5pc higher than during the 2017 season, despite having 43pc higher weekly slaughter volumes than last year