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Tuesday, January 24, 2017

Celebrate lamb prices on Australia day

By Matt Dalgleish  |  Source: MLA, ICS, ACA, ABS

The Eastern States Trade Lamb Indicator (ESTLI) has posted an impressive rise since the start of 2017 rallying over 100¢ from the 2016 close to hold above 600¢/kg cwt. Mecardo analysis released in early December pointed to the prospect of the ESTLI reaching 750¢ during the seasonal winter peak as anticipated tighter supply supports lamb prices. This analysis takes a look at the long term deflated prices for lamb to see how high lamb prices have been in the past after converting them into current dollar values.

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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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