Australian Lamb Prices Reach Record $500 Amid Shrinking Supply
March 28, 2026, 12:54 AM EDT.Australian lamb prices hit a record high of $500 per head amid dwindling supply and strong domestic and international demand, Meat and Livestock Australia (MLA) said. The national sheep flock is projected to drop to a historic low of 64.6 million by 2028. Supply constraints have pushed the restocker lamb indicator significantly above last year's levels, with fewer lambs available in eastern states yards. Despite global uncertainties and rising fuel costs, the market remains robust, although concerns linger about consumer willingness to pay premium prices for lamb cutlets, which recently sold above $50 per kilogram. Analysts forecast trade lamb prices could break records by June 30, reflecting ongoing supply pressures and tight market conditions.
Bank of America to pay $105 million in settlement over Epstein sex trafficking lawsuit
March 28, 2026, 12:38 AM EDT. Bank of America agreed to pay $105.3 million to settle a lawsuit accusing it of ignoring Jeffrey Epstein's suspicious financial transactions. The bank denies facilitating sex trafficking but seeks closure. Plaintiffs, alleging harm from Epstein's abuse, accept the settlement for financial relief, pending court approval by Judge Jed Rakoff. Legal fees may consume about 30%, or $21.8 million. The case highlights scrutiny of financial institutions' roles in Epstein's trafficking. Bank of America faces parallel litigation, following large settlements from JPMorgan Chase and Deutsche Bank related to Epstein's schemes. The resolution marks a significant moment in this longstanding 20-year legal saga linked to Epstein's network, including notable figures like Leon Black, amid wider investigations and public attention.
