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Thursday, December 04, 2014

Still money in holding lambs? We think so

By Angus Brown  |  Source: MLA's NLRS

Lamb prices have continued to move higher this week. Values are now 40¢/kg cwt or 10% up on the spring lows as the supply of lambs dries up, about a month after the season dried up. This is usually the case, but the season finished early this year. Adding to upward momentum is no doubt the rain forecast for this week. Producers that can grow summer feed will look at holding, and in some cases buying, lambs. But is there money in it?

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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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