Sunday 15 November, Money & Work

Story one of ten today, about seven minutes for the lot

Family holding award ribbon at sheep pen during agricultural show event in rural Australia
✓ ABC NewsMoney & Work1 min read

Sheep prices smash record at Naracoorte, hitting $650 a head

First-cross ewes at Naracoorte sold for a record $650 each, breaking the $641 record set at Corowa only last month.

Sheep prices continue climbing to record levels across Australia. First-cross ewes at Naracoorte sold for $650 each on Thursday, the highest price ever recorded for the breed.

The $650 price breaks the previous record of $641 set at Corowa, NSW, just last month. The spike reflects Australia's sheep shortage from drought-driven sell-offs over recent years, combined with strong demand and good growing conditions.

The record-breaking ewes came from the James family farm at Mundulla West, who have been selling first-cross ewes for 50 years. They never expected prices to reach even $500, let alone $650.

Industry experts expect prices to remain high while the national flock is depleted.

$650 per head
Record price
$641 at Corowa
Previous record
50 years
James family selling years
1.5-year-old ewes
Sheep age at sale

Why it mattersFarmers who stuck with sheep through tough times are finally being rewarded, but prices depend on supply remaining scarce.

AustraliaAustralian sheep farmers are experiencing unprecedented prices, reversing years of losses and boosting rural income in drought-affected regions.

✓ Claims checked against the source. checked 1 d ago

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