Lamb enticing more eateries as livestock glut pushes prices down

Lamb has staged a comeback onto the menus of pubs, clubs and fine dining restaurants as a record volume of the red meat hits the market, driving down prices for diners and grocery shoppers. An oversupply of sheep livestock led to lamb slaughter figures of nearly 647,000 nationally in the week before Christmas, more than 36 per cent higher than the typical numbers of 300,000 to 475,000 a week. Lamb prices per kilogram in the final quarter of 2023 were 17 per cent lower than the same period the year before. Lamb has made a comeback thanks to a record of the volume of the meat nationally. Credit: Nagi Maehashi “One of the things we…