"And with good results, I hear. Trading farms are killing last season's lambs at record prices, while keeping an eye out for teeth popping up - that would devalue them by $50 to $100 a head. In the meantime, mutton contracts are out at a whopping $6.15/kg - I can't believe it. We couldn't even get $6/kg for lambs three or four years ago. It means a heavy, dry ewe is fetching over $170 a head," Cotton said.
The cattle schedule is also healthy topping the $6/kg mark to encourage farmers to kill versus retaining them on-farm to put on more weight.
"The store cattle market is holding up very well as you would expect in early spring," Cotton said.
In his market report in December 2015, Cotton asked for a $6/kg lamb schedule, a $6/kg cattle schedule and a 6 per cent interest rate.
"I did not ask about an increase in wool price as I knew even Father Christmas has his limits and that asking for what seems the impossible is just that, impossible.
"Wool remains a complete disaster, but wow, let the good times roll with the rest of it. Lambs are at $8.50/kg, mutton $6.15/kg and interest rates are under 5 per cent, even the goat schedule is $5.50/kg."
And with his Horizons regional councillor's hat on, Cotton praised his fellow farmers for their environmental work.
"Farmers are doing great environmental work down on the farm and that is only possible when there is black ink on the bank statements. Much of the money from the excellent stock prices is being channelled back into the farm."