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.