Friday, March 22, 2019
Mutton firms despite elevated supply
A bit of a mixed bag for lamb price movements this week across the Eastern states, with Restocker, Trade Lambs and Mutton the only categories to see a price lift. Mutton prices remained remarkably strong in the face of elevated yarding and slaughter throughout much of March..
Friday, March 15, 2019
Lamb prices experiencing a case of Déjà vu
Another week, and more of the same for lamb prices. While lamb producers should be happy that they’re not trying to sell cattle at the moment, many are still thinking about the prices they didn’t lock in earlier in the year, as prices drift along the same path as last year.
Friday, March 08, 2019
Slaughter and supply in elevator highs
Elevated sheep slaughter continued to drag on mutton prices this week across the East coast and, while sheep supply in NSW is running at levels similar to what we saw this time last season, it is interesting to note that Victoria has seen a significant lift in sheep slaughter rates since the start of 2019 compared to the first few months of 2018.
Friday, March 01, 2019
Pricing resisting supply pressure, but maybe more to come
The higher prices last week brought more lambs forward, and as such the rally was stifled. With supply still running strong, it seems to be a countdown until a sharp supply shift.
Friday, February 22, 2019
Signs of tightening supply
A nice lift in prices across the board for all NLRS reported categories of lamb and sheep along the East coast this week, as saleyard throughput figures suggest supply is on the wane. The Eastern States Trade Lamb Indicator (ESTLI) gaining over 3% to close at 665¢/kg cwt.
Friday, February 15, 2019
When 620¢ is no longer enough
Late this week the lamb and sheep market found some strength. Prices will only fall for so long before grower baulk and put other strategies in place. Either supply has run out, or producers are holding off. Either way it looks like we might have seen the bottom.
Friday, February 08, 2019
Price action suggests a rebound in supply
The dip in lamb and sheep supply after last weeks shortened selling program was evident in throughput levels reported to Friday 1st of February. Lamb and sheep prices have continued to ease this week, suggesting that saleyard volumes have rebounded, but we won’t know for sure until NLRS release their throughput report next Wednesday.
Friday, February 01, 2019
Merino lambs finding support but restockers not
The Australia Day holiday saw an interrupted week for lamb sales but prices were relatively steady for finished crossbred lambs. Though, we did see some interesting price movements for restocker and Merino lambs, as well as the Mutton indicator, which might be a preview of things to come.
Friday, January 25, 2019
Lower saleyard numbers help prices find a foothold
The Eastern States Trade Lamb Indicator (ESTLI) managed to climb 3.8% this week and East coast mutton wasn’t far behind, registering a 3.6% gain, as lighter throughput compared to this time last season lent some support to prices.
Friday, January 18, 2019
Victorian supplies keeping a lid on prices
There are still plenty of lambs coming for slaughter in Victoria, but NSW supply is waning. As such, lamb prices have been on the wane early in the year, and mutton has also been dragged lower. It seems the destocking of sheep isn’t over yet.