Lamb forwards hit 1000/kg

By Angus Brown
July 21 2019 - 7:00am
FIGURE 1: Eastern States Trade Lamb Indicator. The forward prices quoted for new season lambs in August look strong relative to current saleyard trade lambs, but plenty of lambs would be costing more than this now.
FIGURE 1: Eastern States Trade Lamb Indicator. The forward prices quoted for new season lambs in August look strong relative to current saleyard trade lambs, but plenty of lambs would be costing more than this now.

REMEMBER last year when lamb prices moved through 800 and we thought it couldn't go much further? Last week the Eastern States Trade Lamb Indicator (ESTLI) reached 945, but at least one buyer thinks prices are headed higher.

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