Lamb prices continue to rise, tipped to hit $9kg

Lamb prices continue to rise, hitting $8 a kilo and are predicted to rise even further.

Heartland Bank Head of Livestock, Wayne McEntee, told Rural Exchange that the upward trend looks like continuing.

"It's at $8 a kilo, and looking more like $9 for anything in August and later so there's a bit of excitement out there," he said.

He said it was a good market for lambs.

"When you are looking at the price of the store lambs, at $3.80-3.90kg then look at what you can get for the prime stuff, it's just a good old winter lamb market so that's great for  farmers," said McEntee.

He said ewes were also fetching good prices.

"So there's good returns for anyone in the sheep game, it's excellent."

Meanwhile cattle prices remained steady.

"P2 steers at still at $5.65-$5.70kg so that's relatively flat."

Rural Exchange Market Update is sponsored by Heartland Bank

Watch Wayne McEntee's full interview with Rural Exchange.

Rural Exchange with Hamish McKay and Richard Loe, 6-8am Saturday and Sunday on Magic Talk