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Producer Share June 2024 Quarterly Update
Sale yard prices for cattle and lamb have largely trekked sideways over the June quarter this year. Indeed, the saleyard index of cattle prices hasn’t shifted from the level seen during Q1, 2024 sitting firm at 352 for Q2. Meanwhile the lamb price index for the saleyard saw a marginal uptick from 363 to 365, which it almost indistinguishable on the charts.
Retail beef prices mirrored the sideways movement seen at the saleyard with the index increasing by just 1 point over the June quarter from 258 to 259. However, the retail lamb price index showed more life than beef with a 7.1% gain from 252 to 270.
Sideways movements for both saleyard and retail prices in the cattle sector saw the producer share of the retail price for beef almost unchanged, easing marginally from 35.2% in Q1, 2024 to 35.0% for Q2, 2024. Meanwhile the stronger increase at the consumer end of the market for lamb, compared to the marginal lift at the saleyard, saw the producer share of the retail price for lamb slip from 59.7% in the March quarter to 55.8% during the June quarter, 2024.
This analysis is produced in conjunction with Beef Central and Sheep Central. At Episode 3 we are always happy to explore ways of working together with complimentary organisations. If you want to know more about what we do, or want to have a chat about how we can assist your business feel free to reach out to us on email at info@episode3.net or via the contact us page.