From: The Daily Telegraph
March 02, 2010
THE cost of breeding sheep has more than doubled on a year ago as producers bet prices – already at records – will keep on rising.
Crossbred ewes fetched an average of $120 a head in February, according to official Meat & Livestock Australia data. A year ago the average was $53, meaning prices have jumped by 126 per cent.
The demand has come from farmers who want to increase the size of their flock to take advantage of the record prices that butchers and other consumer suppliers are paying at saleyards.
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