Lamb prices climb to new highs

By Country News

Lamb prices at Shepparton Regional Saleyards have been robust in recent weeks but haven’t reached the dizzying heights recorded at Bendigo and Wagga Wagga.

A national record price for NLRS yards was set at Wagga Wagga last week when lambs above 30kg reached a top price of $281.20/head.

And at Bendigo last week, the saleyards made its own record when 26 White Suffolk lambs from Baringhup, estimated at 34-36kg, sold for $267/head.

Although the yarding was down, strong competition from buyers pursued the heavier lambs and better-conditioned sheep.

At Shepparton, good competition last Friday on a reduced yarding resulted in one pen sold by Elders for a top price of $218/head.

Meat & Livestock Australia said lamb prices looked to be stabilising after unprecedented growth, but it was a challenge to gauge what the future held.

MLA said generally lamb prices peaked in June and July, but there was a poor supply this year due to the dry conditions.

■See the livestock pages for details on lamb and sheep prices from last week’s sales.