Desperately seeking sheepskin

08/04/2011
There was little comfort for tanners trying to secure supplies of sheepskin from the news from Australia in the first week of April of record prices for sheep that had come to auction for slaughter.

Specialist media in Australia said a livestock auction yard in Horsham, Victoria, had sold a pen of five-year-old merino wethers for AUS $189.20 ($199) a head. The buyer was a packer firm in South Australia, who bought the sheep to process for mutton exports.

A spokesperson for the auction yard said his company knew of no higher price ever for mutton.

Slaughter rates for mutton are 66% below the level of two years ago.