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flag Sheep slaughter fell in key Australian states in early 2026, driving lamb prices up due to reduced supply.

flag Australia's sheep and lamb processing market has shifted from spring's peak supply to a tighter phase in early 2026, with sheep slaughter dropping sharply in NSW, Victoria, and WA—down to 30, 29, and 20 respectively from December to January—indicating the spring flush has largely passed. flag South Australia saw only a modest rise, suggesting producers held back due to earlier oversupply. flag Lamb slaughter remained stable, with Victoria and NSW showing moderate activity. flag Prices rose across all lamb categories, with year-on-year gains between 277 and 444 cents, reflecting tighter sheep supply and market stabilization.

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