Wool prices have surged another 31c/kg across the eastern states and started the mid year recess on a high.
J and M Jamieson, Gundagai, set a new record price for the South Eastern Livestock Exchange (SELX), Yass for lamb on Wednesday.
Seasonal conditions across large sections of Australia continue to bite rapidly driving ewe numbers down writes Jason Trompf
The great lamb supply squeeze is worsening with Coles offering record forward contracts of $10 a kg in August for new-season suckers.
The tighter supply of recent years combined with increased overseas demand has fuelled price gains for lamb and mutton at the saleyard.
Lamb prices have launched themselves into the stratosphere to the extent they look like they could well be in a permanent orbit!
The key Eastern States Trade lamb indicator has hit a record 900c a kg as turn-off of prime lambs and sheep starts to slow down.