Friday, March 27, 2020
December like yardings pressure markets
Lamb supply ramped up last week, and without supply data for this week, it looks like it might have been just as strong. Panic selling hit the market and sent prices back towards early February levels. The good news is that prices remain historically strong.
Friday, March 20, 2020
Ovines succumb to Covid19 concern
Early March saw an increase in throughput as sheep producers responded to record prices but in recent weeks levels have softened. No sign of processors looking to increase slaughter volumes though despite some anecdotal reports that supermarkets are keen to restock after a run on red meat. With the A$ collapse and concern over a Covid19 economic growth hit the uncertainty has filtered through to sheep and lamb prices.
Friday, March 13, 2020
Crisis? No crisis here
Oil is crashing, the stockmarket is crashing, the Aussie dollar is lower, there is a massive spend on stimulus, the whole country could go in to lockdown, but what about sheepmeat? Well, people have to eat.
Friday, March 06, 2020
Throughput collapses as ESTLI makes a record high
Sheep and lamb yardings have dipped to levels more consistent with the mid-winter lull in supply in response to 50-100 mm rainfall across much of western NSW and central Victoria this week. Slaughter levels remain in the doldrum too with the tight supply continuing to provide price support.
Friday, February 28, 2020
$7 Mutton no wonder there are ‘meat free meat pies’
Mutton prices broke through 700¢ on the east coast this week, an extraordinary price given the only place you find it in Australia is in some meat pies. It’s a funny coincidence that this week the announcement came of the impending ‘meat free pie’ launch.
Friday, February 21, 2020
Supply screws continue to tighten
Weekly yarding levels continue to contract and processors are responding to higher lamb and sheep prices with reduced slaughter volumes. High prices this early in the season are putting meatworks on notice that the seasonal winter peaks in lamb and sheep prices could reach historic records but the autumn break in the southern regions needs to be in a cooperative mood.
Friday, February 14, 2020
Restocker demand booms
Sheep and lamb markets continued to boom this week, with supply tight and demand apparently remaining strong. There is serious support from restockers, who appear to be driving the rise, as grass grows and mouths are sought.
Friday, February 07, 2020
Tight times for ovines
The last fortnight in January saw both yarding and slaughter levels post a significant retracement for lamb and sheep markets across the east coast with the tight supply keeping prices well supported.
Friday, January 31, 2020
Supply falling and demand strengthening
A quick glance at Meat and Livestock Australia’s (MLA) weekly slaughter data suggested both sheep and lamb were following the normal trend. This was not the case however, with the data lagged a week it was a case of supply tightening before the public holiday induced decline.
Friday, January 24, 2020
Rain and low supply provide a welcome boost
Welcome rain across the eastern seaboard this week provided a jolt to lamb prices with most NLRS reported categories posting solid gains of between 20-60¢/kg on a cwt basis. The expected lower supply of lamb for the 2020 season already making a presence in lower weekly slaughter volumes and adding further support to lamb prices.