Top quality lambs continue to attract solid competition at saleyards right across NSW and the season topping highs show little sign of slowing down.

Lamb prices continued to climb higher last week and records continued to fall.

Lamb prices have continued to solar into orbit as the world celebrates Neil Armstrong's first walk on the moon 50 years ago.

Mutton prices may ease towards the end of winter but, at historic highs, there will be little cause for producer complaint.

Seasonal conditions across large sections of Australia continue to bite rapidly driving ewe numbers down writes Jason Trompf

The great lamb supply squeeze is worsening with Coles offering record forward contracts of $10 a kg in August for new-season suckers.

The tighter supply of recent years combined with increased overseas demand has fuelled price gains for lamb and mutton at the saleyard.

The key Eastern States Trade lamb indicator has hit a record 900c a kg as turn-off of prime lambs and sheep starts to slow down.

The benchmark eastern market indicator (EMI) got the wobbles in the final month of the 2018-19 selling season.

The Stock Take: Mecardo's Matt Dalgleish analyses the export lamb and mutton trade.