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Thursday, February 09, 2017

Lamb - A short term spike or sustainable rise?

By Angus Brown  |  Source: NLRS, ACA

To say January lamb prices took the market by surprise is somewhat of an understatement. Forward contracts for January and February released at the end of 2016 ranged from 500-550¢/kg cwt, and have obviously been around 100¢ under the saleyard price. The question being asked now is whether this is a short term spike, or whether prices are sustainable. As always it depends on supply.

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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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