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Beef price trends
More small easings in beef schedules again this week, but record prices and strong demand in the US will at some stage overflow into the imported lean beef market especially as the first signs are being seen of herd rebuilding in that country.
Export receipts show growth to our main market in the US and a rapid expansion to now the second largest customer, China.
Lots of product is being sold out of Australia mostly driven by the drought and the near to be signed FTA deal with South Korea by that country ahead of our negotiations, will highten the competition for beef markets.
In the wake of the Chilean bobby calf animal welfare abuse, the NZ industry is reviewing its slaughter rules and in the US antibiotic guidelines for feeder calves are under scrutiny.
The beef weaner calf sales are now underway in the north and surprisingly starting at values similar to last year when the drought was more widespread.
Producers will be pleased NAIT proposes to cut the cattle levy by reducing the slaughter rate in half and lowering these compliance charges.
More boner cows are being offered for sale at the works and saleyards as pregnancy tests highlight the drys and lack of feed in the northern areas as mangers look to destock.
For weekly P2 Steer schedules for NZ, NI and SI CLICK HERE
The Export Trend this week is easing for Bull (385) and also for Prime grades (407c). These values are now 41cents / kg ahead for Steers and 21c for Bulls compared to the same stage last year and paint an optimistic picture for those with feed and animals.
CLICK HERE for Charts of saleyard prime steers.
The exchange rate has risen to around 83c against the US$ as the volatile currency continues to make beef trading challenging.
Local trade schedule prices are steady at 420-440c/kg lead by the north and ahead of export schedules.
for more trend graphs, see
for more perspectives, see