Lamb prices are following a similar trend to 2017, according to market analysts.
Sheepmeat exports rose 35 per cent year-on-year for the month of February, with demand from China almost tripling.
The cow price has dropped to its lowest point in more than four years, and there is little hope of a resurgence.
The eastern states medium cow indicator has fallen to almost 30 cents a kilogram below the same time last year.
Eastern states' slaughter rates are continuing to increase as the drought drags on, pushing most indicators down.
A widespread price lift for all sheep and lamb categories suggest waning supply throughout the eastern states.
China's appetite for Australian beef hasn’t waned with the start of a new year, with export figures to the country continuing to surge.
As sheep producers across the country wait to see what the weather will do, there has been much talk about just how high ewe prices will go when the rain comes.
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