Friday, September 13, 2019
Unlucky mutton succumbs to Friday 13th
The Eastern States Trade Lamb Indicator (ESTLI) continues to hold above the 800¢ level as the Victorian flush shows no sign of getting underway yet. However, a jump in sheep yardings in recent weeks has seen the National Mutton Indicator (NMI) take a bit of a slide.
Friday, September 06, 2019
Supply and demand find equilibrium
The main ovine indicators have found some sort of support in the last fortnight, with the Eastern States Trade Lamb Indicator (ESTLI) spending a second week just above 800¢. Mutton has maintained its position in the 99th percentile.
Friday, August 30, 2019
A floor has been found
The new key support level of 800¢ has held this week for the Eastern States Trade Lamb Indicator (ESTLI). Prices steadied in all states but it was the sucker lambs coming out of NSW which were priced the best.
Friday, August 23, 2019
Tanking time for lambs not for mutton
It is tanking time for lambs, but not so much for sheep. Supply has been improving for both lamb and sheep, but it’s only lamb prices which have been on the wane. WA is a different story, with lamb and sheep values both falling heavily.
Friday, August 16, 2019
It’s not as bad as wool
The lamb market continued to decline this week and mutton managed to maintain its strength. Wool producers can take some solace from this, in a week when wool prices have been tanking, at least their stock are still worth very good money.
Friday, August 09, 2019
100¢ lower in just over a fortnight
Just over two weeks ago the Eastern States Trade Lamb Indicator (ESTLI) was peaking at 951¢/kg cwt and yesterday it closed at 851¢ - how quickly sale yard sentiment can change as we approach the spring flush.
Friday, August 02, 2019
Correction or the downturn?
Lamb markets tanked this week. They were coming off close to record highs, but the price falls tell us that something has shifted in the supply/demand equation. So which is it?
Friday, July 26, 2019
Prices ease amidst short supply
Despite being within the midst of tight winter supply prices declined this week across most national indicator categories. The benchmark Eastern States Trade Lamb Indicator (ESTLI) mirrored the fortunes of the national sale yard prices dropping 1.7% to close yesterday at 926¢/kg cwt.
Friday, July 19, 2019
Lambs at 1000 no longer a fantasy
Lamb supply continues to contract and with it, prices are on the rise, mostly. There were a couple of negative spots, especially in the restocker department, but we did see an indicator break through the extraordinary 1000¢ level.
Friday, July 12, 2019
Lamb rally not done yet
Remember last year when lamb prices moved through 800¢ and we thought it couldn’t go much further? We have had a case of Déjà vu this year, although prices were 100¢ higher, and this week have continued to rally.