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.
Friday, July 05, 2019
ESTLI pushing through 900¢ again
Just yesterday we released a piece on the prospect of a late Winter rally for the Eastern States Trade Lamb Indicator (ESTLI), signalling a test towards 935¢ this month. So far east coast markets are behaving compliantly, with the key lamb indicator finishing the week at 908¢/kg cwt.
Friday, June 28, 2019
ESTLI hits 900¢ but mutton has halted
The lamb rally continued this week, as supplies continued to tighten. The Eastern States Trade Lamb Indicator (ESTLI) set a new record, just hitting 900¢. Mutton markets might have hit their peak, however, having come off in recent weeks.
Friday, June 21, 2019
Winter tightening pushes prices northward… in the East
Declining sale yard throughput and slaughter levels for lamb and sheep markets are making their presence felt on price movements this week. Across the national market indicators prices were up for all categories of stock except for mutton.
Friday, June 14, 2019
WA lamb catch the east
WA lamb producers have joined the party, with their lambs almost the same price as those on the east. For the east coast, it was either steady or lower for most sheep and lamb indicators.
Friday, June 07, 2019
A breather or an early peak
With lamb and mutton reaching historic price highs sale yard throughput levels are extending higher too, which is uncharacteristic for this time in the season. The increased volumes have weighed on the market this week to see most categories of lamb and mutton soften.
Friday, May 31, 2019
It’s a record, and it’s only May
The rally in lamb prices is yet to slow, as you will have no doubt heard. The Eastern States Trade Lamb Indicator (ESTLI) hit a new record yesterday and it has come at least a month earlier than expected.
Friday, May 24, 2019
High prices yet to fix supply problem
Scomo’s win came as a surprise, but lamb prices streaking through 800¢ was not so much. The timing is a bit earlier than we expected, it raises some interesting questions as to when prices might ease.
Friday, May 17, 2019
Supply still strong, but a tightening looms.
Yarding figures remain elevated for lamb and sheep despite a recent downturn. Lamb slaughter levels are above average too, while sheep slaughter has returned to levels consistent with the five-year average seasonal trend. Perhaps it is a good omen for producers as we approach Winter that prices continue to firm in the face of strong supply.