LAMB prices have broken new ground with two national records set at Wagga in the past fortnight.
On Thursday a standout pen of second-cross lambs consisting of Poll Dorset and White Suffolk genetics broke all previous records to make $276.20. The lambs were estimated to weigh 40 kilograms dressed and we secured by Southern Meats at Goulburn.
It was a rewarding day for vendor Doug Constance who sold the 168 lambs, which were run at a Humula property, through livestock agents GJ Hulm.
GJ Hulm principal, Isaac Hill was at the rail taking the bids in what turned out to be a history-making day.
“We knew there was potential for the market to go up but I didn’t think we would see a series of records broken in a seven-day period,” he said.
For Mr Constance the record comes on the back of other success at Wagga.
In the past he has been known for offering quality pens of extra-heavy lambs and suckers.
With plenty of concern surrounding the current dry seasonal conditions Mr Hill said the high prices helped put optimism into the rural areas. The latest record is set to be followed by more high prices because of the classic supply and demand situation. Livestock agents say the numbers simply aren’t about and supply increases were not tipped to flow through the markets and over the hooks until at least September.