Friday, August 17, 2018
Lamb bounces back to set another record.
After finding some solid resistance at 800¢ earlier in August, it looked like lambs stellar run was finished. This week the market came back to life, with new highs set in heavy and trade lamb markets.
Friday, August 10, 2018
High prices having an impact on price.
There is an old market adage that the best cure for high prices is high prices. They often encourage additional supply to come to the market and lead to a price easing which was certainly the case for most lamb and sheep categories this week.
Friday, August 03, 2018
A bit of red ink on the sheep.
The rally in lamb and sheep prices has come to an end, for now. Trade lambs lost a little ground, heavy lambs are as rare as hens teeth, and sheep supplies seem to have started to flow. Restocker lambs can’t find any friends, as expected in dry times.
Friday, July 27, 2018
Hilltop lambs in the nosebleed section.
Robust lamb prices have been encouraging Victorian producers to come forward with lambs earlier than usual, but a dip in throughput this week has seen the Eastern States Trade Lamb Indicator (ESTLI) rocket to a breath away from the 800¢ barrier.
Friday, July 20, 2018
Heavy lambs closing on 800¢.
This time last year lamb prices were great, sitting north of 600¢ at record highs. Who would believe prices a year later could be more than 100¢ higher? It seems unbelievable, and still, we have slaughter higher than this time last year.
Friday, July 13, 2018
Lamb prices move further off the chart.
Lamb and sheep markets have hit some solid resistance at the 730¢ and 520¢ mark respectively. There are plenty of reports of processors cutting shifts and slowing production rather than competing harder for lambs. The latest three month forecast doesn’t suggest the supply of finished stock is going increase soon.
Friday, July 06, 2018
Prices consolidate as supply wanes.
After the big spike in lamb prices last week the market steadied. There was plenty of talk about the high prices making things hard for processors, but lamb and sheep slaughter still managed to remain at or above last year’s levels.
Friday, June 29, 2018
At least lamb and mutton are kicking goals.
It has been a long week for Mecardo’s resident ‘football’ nut in Ballarat, breaking up a busy week with a late night only to see the Socceroos going down two-nil. This correspondent is more interested in the local brand and is hoping the Demons can emulate the form of lamb and mutton this week, and get back on the rising trend.
Friday, June 22, 2018
Falling throughput offers price support.
Mutton and Restocker Lambs benefit most from a sharp decline in yarding levels this week across the East coast sale yards. Although, its Merino and Heavy Lambs that are currently top of the table when it comes to year on year price performance this Winter.
Friday, June 15, 2018
ESTLI closing the gap on last year.
The rain this week probably wasn’t as good as might have been expected. However, whether it’s the rain, or simply declining supply, good lamb prices are rallying and now sit just below the record levels of last year.