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Sheep

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. The Eastern States Trade Lamb Indicator (ESTLI) is...

In the commentary last week, we noted that demand for lamb and sheep was keeping sale yard prices supported. Alas, it seems that supply has got the upper hand this week with East coast prices broadly softer. The Eastern States Trade Lamb Indicator (ESTLI) off...

Winter officially arrives next week, and with it, we expect lamb slaughter to decline from recent record highs. Traditionally lamb supply throughout the winter is sustained by the last of the old season lambs, and the arrival of new season spring lambs out of NSW...

We recently had a query as to whether there was much seasonality in New Zealand lamb slaughter.  We have covered this before, but given New Zealand are our only major competitor in lamb export markets, it’s worth another look. Australian lamb slaughter has some seasonality, with...

Lambs continue to flow to the market, keeping a lid on prices. However, mutton values have been on the rise and narrowing the gap, as despite the dry weather, the supply of sheep is either not there or being held tight. Figure 1 shows that sheep...

National lamb and sheep prices at the sale yard closed the week with small gains, although on a state level the story was more mixed. NSW, Victorian and Tasmanian categories performed relatively well, while SA and WA posted a few declines across their lamb and...

The Au$ slipped below US$0.76 this week and provided a lift for the wool market. Tuesday the market opened for the week and presented strong price lifts across the board. The EMI rose 22 cents, but the story was not so bright when viewed in...