The lamb market continued to decline this week, and mutton managed to maintain its strength. Wool producers can take some solace from this, in a week when wool prices have been tanking, at least their stock are still worth very good money. This time last...
Just over two weeks ago the Eastern States Trade Lamb Indicator (ESTLI) was peaking at 951¢/kg cwt and yesterday it closed at 851¢ - how quickly sale yard sentiment can change as we approach the spring flush. We aren’t in the depths of the spring flush...
Lamb markets tanked this week. They were coming off close to record highs, but the price falls tell us that something has shifted in the supply/demand equation. So which is it? The Eastern States Trade Lamb Indicator fell heavily this week. It’s still at a good...
Lamb supply continues to contract and with it, prices are on the rise, mostly. There were a couple of negative spots, especially in the restocker department, but we did see an indicator break through the extraordinary 1000¢ level. New South Wales was where the action was...
Remember last year when lamb prices moved through 800¢ and we thought it couldn’t go much further? We have had a case of Déjà vu this year, although prices were 100¢ higher, and this week have continued to rally. Lamb prices didn’t just creep higher either,...
Just yesterday we released a piece on the prospect of a late Winter rally for the Eastern States Trade Lamb Indicator (ESTLI), signalling a test towards 935¢ this month. So far east coast markets are behaving compliantly, with the key lamb indicator finishing the week...
The lamb rally continued this week, as supplies continued to tighten. The Eastern States Trade Lamb Indicator (ESTLI) set a new record, just hitting 900¢. Mutton markets might have hit their peak, however, having come off in recent weeks.After a brief dip there a few...
The percentage price spread premium between the Eastern States Trade Lamb Indicator (ESTLI) and the National Mutton Indicator (NMI) has been narrowing in recent months. It is not unusual to see this occur during the middle of the season. However, the Mecardo team were wondering...
Declining sale yard throughput and slaughter levels for lamb and sheep markets are making their presence felt on price movements this week. Across the national market indicators prices were up for all categories of stock except for mutton. East coast lamb markets leading the charge higher...
WA lamb producers have joined the party, with their lambs almost the same price as those on the east. For the east coast, it was either steady or lower for most sheep and lamb indicators. Trade Lamb prices retreated further this week, but mutton managed to...