Trade lamb prices springing into fourth consecutive increase

SPRING lamb prices are heading for their fourth consecutive annual increase, Meat & Livestock Australia has reported. MLA’S manager of market information Ben Thomas said provided prices don’t slump in the Australian lamb market over coming weeks, 2016 will mark the fourth consecutive year spring lamb prices were dearer than the previous year. He said the National Trade Lamb Indicator dropped to a seasonal, and annual, low of 386c/kg cwt in 2013, but the same seasonal dip wasn’t as low in 2014, where it landed at 452c/kg cwt, before the same pattern occurred in 2015 and the bar was raised…

Source: Sheep Central
Trade lamb prices springing into fourth consecutive increase