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Tuesday, May 28, 2019

Mutton over $6 – is it just crazy talk?

By Matt Dalgleish  |  Source: MLA, ABS, ICS, Mecardo

In our analysis last week, we suggested that the seasonal percentage price gain pattern for the National Mutton Indicator (NMI) could see it test as high as 660¢/kg cwt this winter. We are already breaking record prices for the NMI in nominal terms closing at 575¢/kg cwt yesterday. This analysis looks at the current dollar value of mutton since 1949 to see how high mutton prices have traded in the past, when adjusted for inflation.

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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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