THE good news story in farming at the moment is the good prices for lamb but according to one stock agent the highlight is the sheep market.
Robert Pike, Auctioneer with JM Ellis & Co said while the lamb market has been gaining a bit of momentum in recent weeks, it’s been fairly steady, but the sheep market has probably doubled in price in the last two months.
This time last year sheep prices at Hamilton saleyards averaged $32.66 last week they averaged $71.42. This is still a long way from the highs of 2011 when sheep were averaging around $100, but Mr Pike commented that 2011 was exceptional and we haven’t seen prices like it since then.
Mr Pike believes a strong mutton price is cream on the cake for woolgrowers especially when the wool market has taken a bit of a hit lately.
“From all reports the wool market is fairly ordinary so it’s a bonus for some of the producers to be getting reasonably good prices for their mutton,” he said.
Full story in The Spectator on Saturday, March 29, 2014, or subscribe to our epaper at top of page.