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Friday, February 21, 2014

Lambs continued to edge higher albeit at a slower pace

By Augusto Semmelroth  |  Source: MLA's NLRS

A 10% cut in lamb saleyard throughput helped lamb prices move another leg higher this week. The ESTLI peaked on Wednesday at just 4¢ below the 2-year high, before easing 1¢ on Friday to 513¢/kg cwt. NSW and Victorian trade lambs continue to lead the way. In the west, trade lambs rallied 30¢ week-on-week to a 7-month high of 490¢/kg cwt.

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