The Eastern States Trade Lamb Indicator (ESTLI) reached an all-time high of 896¢/kg carcass weight last week as buyers scrambled to secure supplies.
Lamb producers are enjoying near record prices. Picture Mark Saunders.
The feverish demand for lamb has seen prices jump almost 250c/kg, or 37 per cent, over a three-month period, according to Meat & Livestock Australia's market data.
Lambs have been selling for more than $300 a head and close to $10/kg this week.
Mutton prices hold despite increased supply
