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.
Wellard has sold another vessel and will lease it back under a deal with one of its key shareholders.
Veteran rural industry lobbyist, Ron Cullen, will chair a new consultative body set up to provide high-level advice to Australian Wool Innovation.
The benchmark eastern market indicator (EMI) got the wobbles in the final month of the 2018-19 selling season.
The Eastern States Trade Lamb Indicator is threatening to bust through the 900 cents mark for the first time.