Sheep producers are enjoying some their strongest returns in years, with average gross margins almost doubling in 2025 on the back of higher livestock prices.
New analysis from the NSW Department of Primary Industries and Regional Development found average sheep enterprises gross margins increased to $43.73 per Dry Sheep Equivalent (DSE) in 2025, up from $24.53 per DSE in 2024.
Paraway Pastoral Company General Manager Jack Brennan said tight supply and strong demand had created favourable conditions for producers…

