Rural Wrap

Meat and Milk Volumes Influencing Prices

Doug Steel -

It’s a good time of year to think about the meat and dairy export volume outlook for the coming 12 months, as the new seasons get going. What is happening on farm now will have a large influence on the quantity sold ahead. Meat volumes look set to drift lower over the coming 12 months, while milk production is expected to bounce a bit following three years of decline. This will have some influence on prices. Lamb prices are expected to remain elevated over the coming season, while beef and milk prices are forecast to ease.