Lamb market cooling after record run of prices

Sheep market report

Up to 550 cents/kg, and in exceptional cases 560 cents/kg, is being secured by some farmers this week for lambs.

Sheep farmers have detected a cooling off in the trade for lambs at the factories this week, after a record run of prices over recent weeks.

Some processors have eased their quoted prices as much as 10 cents/kg this week, but the majority stayed unchanged in a narrow price band of 520-530 cents/kg, with the usual bonus for quality adding 10 cents/kg for qualifying lambs.