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Tuesday, July 09, 2019

Lamb forwards hit the magic $10

By Angus Brown  |  Source: MLA, Stockdirect

The Eastern States Trade Lamb Indicator (ESTLI) has just broken through 900¢, but at least one buyer thinks prices are headed higher. There were reports last week of forward contracts for August being offered at the magic 1000¢/kg cwt, but will the market get there?

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