Lamb prices are up on last year, but farmers will be wanting some milder, settled weather for lambing to take advantage of the promising market, says Hawke's Bay Federated Farmers president Will Foley.
Farm-gate lamb prices continued to rise over the past month but at a subdued pace, as domestic supply tightened through winter, Rabobank's Agribusiness Monthly said.
As of early July, the slaughter price in the North Island averaged $6.65kg carcass weight while South Island lamb averaged $6.50.
For the North Island, that was up 4 per cent month-on-month and 24 per cent year-on-year.
Mr Foley said he hoped this year's higher prices would filter through to this season, but the market was looking more promising than last year.