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Tuesday, May 21, 2019

Mutton leading the charge to new heights

By Matt Dalgleish  |  Source: MLA, Mecardo

This time of the season we expect to see sheep and lamb prices testing higher and the National Mutton Indicator (NMI) hasn’t disappointed, reaching record heights last week of 544¢/kg cwt. The Eastern States Trade Lamb Indicator (ESTLI) has been pushing northward too but is yet to beat it’s 2018 winter peak of 884¢/kg cwt. What can the historic seasonal pattern tell us about this year’s peak for the NMI and ESTLI?

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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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