This time last year two-tooth ewes were selling for about $90 at best.
Similar animals went for $197 at a sale at Lorneville last week.
A year ago a good price for lambs was about $65 and now they’re going for $100.
It’s a reflection of supply and demand at work. Last year dairy conversions and drought resulted in the sale of a lot of capital stock, now sheep farmers are rebuilding their flocks.
It’s a very different picture for dairy cows which were selling for $2,500 last year and are now worth about $1,200.
Beef is showing a small increase on last year’s prices, up about 30c to $3.30 a kilo so a 270kg bullock which would have sold for about $810 last year would sell for about $890 now.