Lamb price records tumble

However, the record only lasted three days, with a pen of lambs selling for $354.20/head in Wagga Wagga on June 20.

Elders Corowa livestock agent Stephen Grantham said the reason for the high prices was the same reason prices always fluctuated — supply and demand.

‘‘The market is the dearest it’s ever been,’’ Mr Grantham said.

‘‘A lot of lambs are making $8.50 to $10 per kilogram. It’s a great time for producers.

‘‘People are moving into cropping programs and the sheep flock in Australia is the lowest it’s ever been.’’

The previous national record before last week’s sales was $345/head at Griffith.

Bendigo also saw its season record broken as six pens topped $300/head on June 17.

R. and S. Pederson of Kamarooka (35km north of Bendigo) sold the record-priced lambs, selling 73 at $326/head.