June 2010
Same old situation in the US, with demand remaining subdued, but because of the low volumes of imported product, the price has not fallen significantly..gif)
Production in the US is also back about 3%, which is also helping combat the lack of consumption. NB This fall to put it in perspective is equivalent to twice NZ's exports to the US!
In NZ, bull, manufacturing cow, and prime prices are at yearly record levels, pushed higher by lower kill volumes, a result of the dairy expansion and use of jersey genes.
Interesting science release this week from AgResearch, promoting a scanner that identifies top eating cuts from an otherwise hamburger dairy beef carcass.
The Trend this week rose for Bull (354c) and for Prime grades(370) . Values are ahead at the same stage last year for bulls +32 and for Prime steers +29c. The exchange rate has risen this week to .70c against the US$ ..gif)
Local trade schedule prices have followed ahead of export schedules at between 360-410c/kg. Local trade prices for beef are 30-40c/kg ahead of last year and are climbing.
Winter demand for prime steers is growing at the saleyards, driven by firm local trade prices. Cold wet conditions have flattened demand for store stock.
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