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Prices skyrocket

23 Aug, 2010 02:52 PM
Lamb prices are showing no signs of dropping, instead price records are tumbling.

The Dubbo regional saleyard has broken its own record with a top-price of $196 at last week’s sale.

“That’s the highest ever at Dubbo,” said agent Peter Cruikshank with PT Lord Dakin, Dubbo.

“It is a dearer market, and there haven’t been any big lambs like this for a long time.”

The 189 lambs were from one very happy Brian Rathbone of ‘Ormond’ Tullamore.

“You have to be happy with that price, you’d be silly if you weren’t,” he said.

The lambs were out of straight Merino ewes, with a mix of East Roseville Park and Lachlan bloodlines, out of White Suffolk rams.

“As a (Dubbo) record price, it’s a bit outstanding that they’re first cross lambs,” Mr Rathbone said.

“Most records seem to go to second-cross lambs.”

The 12 month old lambs were run on pastures, with some grains in the past month.

“They always had some frame about them, and I wanted to get the best I could from them,” Mr Rathbone said.

The lambs sold to T and R Pastoral, in South Australia.

At the moment Meat and Livestock Australia’s (MLA) National livestock reporting system (NLRS) reports the current national and State record for prime lamb sales, sits in Wagga Wagga.

Last week, 190 head of second-cross lambs sold for $200/head at Wagga Wagga, working out at 484 cents/kg carcase weight.

This is another incident of the record crashing from the past few months, when both Cowra and Forbes held the State record at different times.

MLA NLRS livestock market analyst Rob Millner said it was very tough to predict if any more broken records were on the way.

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Greg Rathbone, Brian Rathbone of ‘Ormond’ Tullamore and Peter Cruikshank of PT Lord Dakin, Dubbo with the two pens of $196 lambs.
Greg Rathbone, Brian Rathbone of ‘Ormond’ Tullamore and Peter Cruikshank of PT Lord Dakin, Dubbo with the two pens of $196 lambs.

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