Lamb price surges off rainfall

HEALTHY DEMAND: Choice lambs are packed in at Corowa's saleyards before auctioning commences on a chilly Monday morning. Picture: MARK JESSER

HEALTHY DEMAND: Choice lambs are packed in at Corowa's saleyards before auctioning commences on a chilly Monday morning. Picture: MARK JESSER

Lamb sales strengthened in June following heavy rainfall at Corowa saleyards, according to Rodwells stock agent Murray Bullen.

"Especially for any lambs that have had a bit of cover over them," he said.

"If they've had cover, that's the trend, the buyers have been jumping all over them.” 

Corcoran Parker agent Clinton Rixon echoed this sentiment.

“Sheep prices have been very good,” he said.

“We’ve had good rain in a lot of areas, there’s also a lack of supply with tighter numbers.”

Meanwhile, Australia’s largest red meat exporter JBS Australia has released early its lamb forward contract schedule for the upcoming spring production period.

It has unveiled a range of prices from an opening high of $6 a kilogram to $4.80 for the peak November supply.