HOT TOPICS:  Asset bubbles   |   Housing affordability  |  OCR                                     KEY RESOURCES:    Economic calendar   |  Fix or float calculator

Beef price trends

Posted in Rural Data

April-2014

More easing of beef schedules as the currency, an increased NZ cow slaughter and a flat end user demand in the US, has driven these falls.

Renewed import permits into Indonesia have rekindled the Asian trade but a slowdown of the drought induced Aussie kill would be helpful to ease supplies.

MacDonalds NZ announced they have sold 5 million kgs of Angus Beef since this partnership began, that has allowed this bred to prosper at the expense of it’s rivals.

The February processing figures shows the cow kill is behind last year by over 20% but the dry conditions will have altered this and harvesting has increased rapidly in the last month.

The dairy sectors expansion has seen the bobby calf kill 16.5% ahead of last year and farmers report good demand for beef bulls to mate with tail end cows.

Silver Fern Farms announced plans to sell its hide processing plant in Napier to the Lowe Corporation who will then toll process for that company.

More beef weaner sales in the north and south with reports animals are heavier than last year, but still selling at similar per kg prices.

 

For weekly P2 Steer schedules for NZ, NI and SI CLICK HERE

The Export Trend this week is easing for Bull (374) and also for Prime grades 393c). These values are now 22cents / kg ahead  for Steers and 16c  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 86c against the US$ as the volatile currency continues to make beef trading challenging.

Local trade schedule prices are steady at 410-440c/kg  lead by the north and ahead of export schedules.

for more trend graphs, see

- lamb
- beef
- deer
- velvet

for more perspectives, see

- Exchange rates
- Commodity prices
- Farm cost indexes
- Interest rate trends
- Rural credit aggregates
- Farm sales activity
- International dairy price

Topics: