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Monday, June 27, 2016

Are lamb and sheep at the price precipice?

By Matt Dalgleish  |  Source: MLA, ACA

The technical charting picture for the Eastern States Trade Lamb Indicator (ESTLI) appears to be losing momentum and the seasonality pattern for the ESTLI and National Mutton also point to limited topside potential price gains remaining for the current season. Are we currently at the 2016 highs or can the sheep and lamb markets surge higher still?

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