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Tuesday, July 30, 2019

Keeping it real

By Matt Dalgleish  |  Source: MLA, ABS, Mecardo

The Eastern States Trade Lamb Indicator (ESTLI) averaged nearly 930¢/kg cwt during July, after peaking at a new record price of 951¢ last week. While the ESTLI is at an all-time nominal record it has been higher in the past on an inflation adjusted or “real value” basis. Although, you would have to go back prior to 1958 to find higher real value peaks and there are only a handful of them.

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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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