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...
MLA have only made minor changes to flock and lamb supply forecasts for the coming years. The 2018 flock was 3 million head higher than the January estimate. Sheep supplies are forecast for fall, but it may not be enough for a flock rebuid.Meat...
With lamb and mutton reaching historic price highs, saleyard throughput levels are extending higher too, which is uncharacteristic for this time in the season. The increased volumes have weighed on the market this week to see most categories of lamb and mutton soften.The Eastern States...
The rally in lamb prices is yet to slow, as you will have no doubt heard. The Eastern States Trade Lamb Indicator (ESTLI) hit a new record yesterday and it has come at least a month earlier than expected. There are a lot of talking...
The ESTLI is trading 28% higher than this year’s low but is yet to break all-time price highs. The NMI is 47% higher than this season’s low and has pushed above the record high price set in 2016 of 526¢. Seasonal percentage price gain/loss...
Scomo’s win came as a surprise, but lamb prices streaking through 800¢ was not so much. The timing is a bit earlier than we expected, it raises some interesting questions as to when prices might ease. A couple of weeks ago we were talking about what...
Yarding figures remain elevated for lamb and sheep despite a recent downturn. Lamb slaughter levels are above average too, while sheep slaughter has returned to levels consistent with the five-year average seasonal trend. Perhaps it is a good omen for producers as we approach Winter...
Total mutton trade volumes for April are sitting 21% above the five-year trend. Consignments to Asia are 76% above the April five-year seasonal average level, buoyed by Chinese demand which is running 96% higher than the five-year trend for the January to April period. ...
It has been some time since we’ve talked about rainfall driving sheep markets for three weeks in a row. Precipitation has all but completed the autumn break for key sheep areas in Victoria and South East SA. It doesn’t rain grass, but try telling restockers...