Friday, November 15, 2019
Sheep prices defy volumes
Mixed signals for the lamb market this week as the spring flush appears underway in South Australia, but Victorian volumes still sheepish. Speaking of sheep, mutton prices are holding up resolutely in the face of elevated volumes at the saleyard and at processors.
Friday, November 08, 2019
Mutton still finding support
There was no real impact from the rain this week in sheep and lamb markets, with a cautious approach seemingly being taken. There was also the issue of the three month outlook and continued strong supplies.
Friday, November 01, 2019
Pressure on markets but support should be found
Sheep and lamb markets continued to slide this week, with supply ramping up. We don’t know what happened with yardings and slaughter this week yet, but last week sheep slaughter was heading higher.
Friday, October 25, 2019
Uncharacteristic lift in NSW throughput weighs on price
Significant increases to yarding levels for both lamb and sheep across the eastern states in recent weeks has started to weigh on prices. Higher than average lamb yarding was noted in Victoria but the big lift in lamb throughput was reserved for NSW. Mutton yarding levels were elevated in all east coast states.
Friday, October 18, 2019
All red for sheep and lamb
Seeing all red on the Eastern States Daily Indicator Report for weekly sheep and lamb movements has been a rare occurrence recently. This week finally saw enough stock come to market to send prices lower.
Friday, October 11, 2019
Early flush soaked up by offshore players
Lamb yarding numbers are starting to climb across the east coast fueled by lifting Victorian throughput as the spring flush gets underway. However, prices are yet to dampen as a resurgence in offshore demand, particularly from China has export buyers scrambling to fill orders.
Friday, October 04, 2019
Mutton back in favour
October has started out pretty well for sheep and lamb markets, with lambs finding solid support and mutton back on the rise. October is traditionally a time of strengthening supply, so we might be seeing another lift in demand.
Friday, September 27, 2019
Plenty of price variance across the country
Lamb prices continued to track along sideway in east coast markets, but there were some wild swings in the remote states. The Eastern States Trade Lamb Indicator (ESTLI) slipped below 800¢ for the first time since May, but things are worse in Tasmania and WA.
Friday, September 20, 2019
Lamb up mutton down
The lamb market seems to have found a level it like, but mutton continued to slide this week. It doesn’t seem price moves were in response to supply, with demand shifts driving markets early in the spring.
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.