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Heavy lamb prices have risen strongly through 2024. Australian lamb producers have hit Christmas with a much more positive outlook than this time a year ago, with lamb prices $2 to $3 a kilogram better throughout the year. Confidence was much higher through 2024 as the market bounced back from 2023's challenging conditions but the global cost of living crisis is expected to cap how high lamb prices go. Heavy lamb has been the real belle of the ball in terms of both price gains and premiums over other categories, rising from just below $6 last December to around the $9 mark during the traditional winter peak, and after dipping again hit a December price record with the indicator climbing above 930c. The gap between heavy and trade lamb also widened throughout the year, reaching a difference above 50c in December. Meanwhile light lambs have been commanding prices above $7 and continue to see strong demand from the Middle East, where governments across the regions are using lamb imports to quell rising levels of food inflation.

The largest beef-producing nations all look like having less to sell in 2025, creating a shortage of supply against a backdrop of ever-increasing global demand. That puts Australia in the box seat. We will be the first of the major exporters to turn the corner and have an increase in production to send to hungry overseas markets. This is the thinking of a number of beef market analysts and industry leaders, many of whom say that while economic pressures and high living costs pose hurdles, along with political and trade uncertainties, the outlook for Australian beef exports is solid. Rabobank's latest Global Beef Quarterly predicts 2025 herd contraction for the world's big four beef producers - the United States, Brazil, China and Europe. That will significantly alter beef trade flows, Rabobank says. Reductions in China, Europe and New Zealand are also likely and Australia may be the only top-10 beef-producing nation to post year-over-year production gains in 2025, the big agribusi

Bushfires burning across Victoria are threatening hundreds of hectares of both livestock and cropping country, with authorities warning of extreme fire danger for most of the state today. Vic Emergency says today's fire danger will be the worst across Victoria since Black Summer in 2019-20. The Bureau of Meteorolgy says very hot and dry temperatures, combined with fresh to strong north to northwesterly winds, are making the situation extreme. Temperatures are forecast to reach 40 degrees today and winds are expected to reach speeds of up to 100 kilometres per hour. The worst affected areas include the Grampians National Park, The Gurdies near Grantville, Bullengarook near Gisborne and Creswick. Some towns around the Grampians have been evacuated while others have just been told it's now too late to leave. Lamb producer and Ararat Country Fire Authority group officer Charlie de Fegely said the Grampians fire was spotting and ember attacks could travel three to five kilometres in t