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Thursday, January 22, 2015

Mutton markets still have a long way to go

By Augusto Semmelroth  |  Source: MLA's NLRS, ABS

Mutton markets have clearly outperformed lambs since sales resumed a couple of weeks ago, supported by a more substantial contraction in throughput levels. As of last week, the NSW mutton indicator saw the discount to the Eastern States Trade Lamb Indicator (ESTLI) narrow to 177¢, or 32%. Has mutton become too expensive? What are the prospects for mutton going forward?

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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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