Australian lamb supply rose in October due to culling and better pasture, boosting prices despite regional variations.

Australia's lamb and sheep market saw a significant spring supply increase in October, with slaughter rates rising sharply in Victoria, Western Australia, Tasmania, and Queensland due to culling of older ewes and better pasture conditions. Lamb supply is building, though Queensland saw a drop. Despite higher volumes, prices held firm or rose slightly, driven by strong demand from processors and restockers, with heavy and trade lambs gaining value. Mutton prices fell but remain above long-term averages. Regional disparities persist, but oversupply has not materialized, keeping prices supported as demand continues to outpace supply in key areas.