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Thursday, February 05, 2015

Can lambs go over $7? Computer says yes!

By Angus Brown  |  Source: MLA's NLRS, ICS

The lamb market is a reasonably simple beast when compared with more complicated cattle, grain and wool markets, with the market largely a factor of supply and exchange rates. Independent Commodity Services (ICS) has developed a model that explains 80% of the change in NSW Trade Lamb prices based on these factors. This article looks at this model and what is suggests for lamb prices.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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