Friday, February 16, 2018
High throughput across the country weighs market.
Strong throughput numbers for both lamb and mutton across the nation this week saw falls recorded in all national sale yard indicators, ranging between 3% to 9 %. The headline Eastern States Trade Lamb Indicator (ESTLI) dropping 9.4% to close at 601¢/kg, while mutton was equally weak, off 8.8% to 385¢.
Friday, February 09, 2018
Steady as she goes for lamb but mutton finding a lift.
It was another unusually steady week for lamb prices, as supply seems to be closely matching demand. Mutton prices found some strength however, especially in NSW, but regular readers will know this was not unexpected.
Friday, February 02, 2018
Supply normal, prices stable, watching the sky.
After a significant spike to throughput for sheep and lamb at the start of January yardings figures have returned back within the normal seasonal range, combined with cool temperatures and a bit rain, prices have managed to hold firm for most categories of sheep and lamb this week.
Monday, January 29, 2018
Will lamb suffer a post Australia Day Hangover?
Despite the issues with slaughter capacity in South Australia it seems that we once again managed to achieve a slaughter spike in the middle week of January. In some years the weaker demand in early February has led to weaker prices, but last year it was met with weaker supply, and strong prices.
Friday, January 19, 2018
Bring out your lamb, bring out your sheep..
Producers responded to the robust lamb and sheep prices on offer early in the New Year with some huge throughput figures this week noted across sale yards, particularly in Victoria and NSW. The effect of the added supply weighing on prices across the board.
Friday, January 12, 2018
Record start to the year for lambs
Lamb prices opened the year at record highs, but on relatively small volumes. As supplies ramped up with a full week of selling we saw indicators weaken, but they remain very strong, and at records for this time of year.
Friday, January 05, 2018
Lamb markets open hot, metaphorically and literally.
For the first week in January there was certainly some big news. On Wednesday the biggest lamb market in the country at the moment opened even higher than the very strong close. And on Wednesday night, one of the country’s largest lamb processors had a fire.
Friday, December 22, 2017
The year of the sheep follows the year of the cow.
With Meat and Livestock Australia’s market indicator department shutting up shop last Friday, it’s a good opportunity to take a look at some individual saleyard pricing. Given the lack of data, we’ve combined sheep and cattle this week. We’re in the interest of time saving at this busy time of year.
Friday, December 15, 2017
A big year ends on a high.
The last full week of sheep and lamb sales has seen 2017 finish as it began. Streaking higher. This week saw the Eastern States Trade Lamb Indicator (ESTLI) post a six month high, in spite of a record yarding.
Friday, December 08, 2017
Never mind Bitcoin, how’s this trade lamb!
In last weeks comment we mentioned that the rain could provide a short-term boost to lamb prices, and indeed it did. We surmised that the extra moisture could see a pullback in supply with processors fighting it out at the saleyard, although that didn’t appear to be the case, signalling this week’s movement was demand led.