Agriculture
21 July, 2024
Lambs back topping $300
LAMBS are back selling above $300 for the first time in more than a year. Calivil’s John Humbert averaged $309 to top the Bendigo markets last Monday with his draft of 49 lambs from last spring’s drop. “Prices have powered along in the last...
LAMBS are back selling above $300 for the first time in more than a year.
Calivil’s John Humbert averaged $309 to top the Bendigo markets last Monday with his draft of 49 lambs from last spring’s drop.
“Prices have powered along in the last two weeks and we have been able to take advantage of the rise,” Mr Humbert said.
“They were pretty big crossbred lambs. They needed to be to get that price.
“The price bounce has been surprising. Only a few weeks ago there was an over supply and now there is demand again.”
It was the second week local producers had topped the Bendigo market. Raywood’s Andy Cole averaged $310 for crossbred lambs last week.
Stock agent Chris Nevins said prices had been high at markets for the last week.
“Wagga had $320, Ballarat $315 and and Bendigo for two weeks has been consistent around the $310 mark,” Mr Nevins said.
“It’s the first time this year that producers have been seeing prices above $300 for their good, big lambs.
“Buyers have found it hard to find lambs of late and it will be interesting to see what happens at markets over the next few weeks.”
MARKET PRICES - PAGE 12