France's regional authority reported that total sheep slaughter in the first nine months of 2026 rose 1.9% year on year, with cull-sheep slaughter up 11.4% and lamb slaughter stable. Drought and forage shortages have pushed production costs up 10%, and the Grand Sud R lamb price was EUR 10.30/kg carcass in week 44, 1% above last year.
Higher prices are coming from a rise in cull animals rather than more lamb, so the headline price overstates available supply. Drought may speed up herd reduction and tighten future supply, which supports lamb prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.