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July 2018

In this week’s comment, we take a look at the decline of the European crop and the impact on pricing. At a local level, we provide observations on the Australian crop from some of our travels around the nation.The futures market has largely traded sideways...

This time last year lamb prices were great, sitting north of 600¢ at record highs. Who would believe prices a year later could be more than 100¢ higher? It seems unbelievable, and still, we have slaughter higher than this time last year.Lamb prices have continued...

Processor margins have increased dramatically in this last quarter, sitting significantly higher that historical averages. The large margins have been linked with the low rainfall patterns that have occurred this year. Similar conditions were seen 2013 and if that is anything to go on the...

Last week it was young cattle prices on the rise, this week its supply. Young cattle yardings jumped higher as growers took the opportunity provided by higher prices to offload more cattle. We think it was the higher prices, or perhaps the fact that there has...

Lamb and sheep markets have hit some solid resistance at the 730¢ and 520¢ mark respectively. There are plenty of reports of processors cutting shifts and slowing production rather than competing harder for lambs. The latest three month forecast doesn’t suggest the supply of finished...