Ballarat has continued as the epicentre for high sheep prices with heavy export lambs topping this week's sale on Tuesday at $378.
A new national lamb price record was set at Ballarat last week when heavyweight second-cross lambs offered by Kevin and Jean Guthrie and family from Dean fetched $380.
That record was given a fright this week when 125 export lambs offered by fellow Dean district producers, Brian and Danny Maher, trading as Precision Production, were knocked down for $378 bringing a tidy return of $47,250.
Both lines were sold through Ballarat agency, T.B. White.
Danny Maher, who was at the sale with his young son, Tommy, said the high prices helped make up for the times when his family had lost money on lambs bought to fatten.
The Mahers are focused on trading sheep at the moment and will have more to sell in coming weeks.
Mr Maher said this week's first-cross/Dorset lambs were about 11 months of age and would have dressed around 40-plus kilograms.
Yardings numbers at Ballarat soared by 9030 this week to almost 40,000 including 25,682 lambs but overall the market was firm to dearer although heavy lambs were back by $10-$20 a head.
Bendigo's yarding on Monday jumped by 12,120 to 44,120 including 33,370 lambs.
Heavy lambs to 26kg were firm, selling from $194 to $250 but, like Ballarat, extra heavy weights over 30kg were back $16 to $17, topping at $342.
Forbes yarded 17,300 lambs on Tuesday with trade weights $8 to $10 higher, making $190 to $230.
Heavy lambs to 26kg were $5 to $7 better, fetching from $220 to $270 while extra heavy weights held firm to slightly easier selling to a top of $320.
More rain this week, particularly in NSW, is likely to continue a shift to flock rebuilding which may further squeeze lamb and mutton sheep supply.
Saleyard lamb and mutton prices have continued to head skywards with the Eastern States Trade Lamb Indicator jumping another 48 cents a kg carcase weight in the past week to 952c.
The mutton indicator has climbed 28c in the past week to 716c.
Sheep slaughter took a hit last week with a 15 per cent slide in the eastern states including a 22pc nosedive in Victoria to to 43,288 head and an 8pc drop in NSW to 40,939.
In contrast the lamb slaughter continued to power along with a 3pc lift in the eastern states to 334,179.
Victoria's lamb slaughter jumped 2pc to 178,221, South Australia's climbed 6pc to 52,179 and NSW's rose 5pc to 97,856.