Covid-19: Sheepmeat is looking okay but wool prices likely to fall further

Vernon Graham
Updated May 5 2020 - 1:53pm, first published 12:00pm
CORONAVIRUS RISK: Rabobank says any outbreaks of coronavirus in Australian abattoirs would reduce both processing capacity and demand for lambs and sheep.
CORONAVIRUS RISK: Rabobank says any outbreaks of coronavirus in Australian abattoirs would reduce both processing capacity and demand for lambs and sheep.

Rabobank has good and bad news for the Australian sheep industry - coronavirus is unlikely to badly hurt the strong lamb market but wool prices are likely to soften further before rallying late this year.

Vernon Graham

Vernon Graham

National machinery and property writer

Former editor of The Land, former Fairfax Media Agricultural Editor

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