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Tuesday, April 23, 2013

ESTLI up to 500¢ by July?

By Augusto Semmelroth  |  Source: MLA, ABS, ACU

In early February, we assessed the outlook for lamb prices going into autumn and later in winter. As a result of lingering dry conditions and high slaughter rates in most of the east coast, we take the chance to revaluate our forecast and investigate what lies ahead. According to the ABS slaughter statistics, east coast lamb slaughter hit 1.57 million head in January, 23% above last year and 19% above the 5-year average (figure 1).

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