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Lamb price trends
More easing of lamb schedules as processing volumes increase and more product is frozen down, with Silver Fern Farms Keith Cooper reporting peak season pricing of $5.30-$5.50/kg was expected. He said this is an improvement of a $1/kg on last year and believed it was possible to rebuild value over two seasons to a $6-$7/kg return
Weaning drafts are now common in early areas but only the very good lambs have been able to top $100 a head, which many see as a minimum to retain numbers in an at pressure sheep sector. Good turnouts have been seen at MIE meetings run to encourage farmers to vote for directors supporting a meat Co-Op merger.
Mutton schedules have also eased from the peak but are $10 ahead of last year but with supply pressures from last years drought, are predicted to remain firm with strong Chinese demand. Store lambs are flowing into the NI saleyards and reaching values of $75-$85/head but as yet few have been seen in the south.
Beef and Lamb NZ's have shown big advantages from using plantain on uncultivatable land with sheep performance in stocking rate and weight gains on a Gisborne demonstration farm. This information will be very valuable in lifting profits on hill country breeding units who have suffered the most from sheeps downturn.
Trends for export lambs are falling as Xmas chilled programs have finished and the frozen market starts.
The latest South Island wool sale saw values stabilize as the market prepares for the increasing summer volumes, but weakness in the mid micron and merino market remains. Indicator values are 100c/kg clean behind last years average for mid micron wools and 50c/kg for Merino but crossbred wools are 110c-180c/kg ahead of last years prices.
Elders reported the first profit for four years and credited a much improved return from its wool enterprise, for it’s better result.
Trends are steady for wool pricing but wool shorn from now on will drop in quality and prices are expected to ease as a result.
To view Chart for mid micron, coarse and fine crossbred indicators CLICK HERE
CLICK HERE for currency trends.
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