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Tuesday, March 17, 2020

ESTLI forecast under a Covid-19 hit to global growth

By Matt Dalgleish  |  Source: MLA, IMF, Mecardo

The Covid-19 virus is making forecasting difficult, only a fortnight ago we released an Eastern States Trade Lamb Indicator (ESTLI) forecast for the 2020 season. However, a sharp crash in the Australian dollar and concerns on the impact to global growth and sheepmeat demand has meant a further analysis piece was needed to cover how this may play out for prices should the situation continue to deteriorate.

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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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