[5 October/ New Zealand Herald]

PGG Wrightson Agent and Auctioneer Neil Common said lamb prices were very solid all month. Mr Common added that prices are higher than last year without reaching the $200 tipping point. Most pens made between $125 and $155 all month while lesser types made up to $120. The yardings increased as the prices rose. Mr Common attributed demand to contract finishers needing to fill contracts, and paying $15 to $20 per head above schedule price. Some regular vendors have yet to sell their surplus stock so the yardings should remain up. Pens with smaller lambs were cheaper; however, any shorter-term, terminal, lambs attracted a premium. Mr Common said some farmers who had experienced a good lambing and may sell older ewes to make room for the extra lambs. Prime ewe prices between $105 and $130 per head.