As rain gauges fill across the State, the supply of ewes and wethers arriving on the market has tightened even further.
Average mutton prices climbed above 300 cents a kilogram (carcase weight) last week and early sales this week suggested prices were on the rise again due to tighter numbers.
Over-the-hooks prices were steady this week as processors struggled to find supplies while, at the same time, balance the much narrower profit margins.
Some processors have offered a top price of 370c/kg for sheep weighing more than 24 kilograms (carcase weight), while most sheep between 18kg and 24kg have averaged 311c/kg on the over-the-hooks grid.
Restockers also continue to feel the pain of high prices as they attempt to restock depleted flocks.
Full story in The Land March 11.
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