Mar 2010

Lamb schedules remained firm, with lack of supply forcing processors to chase all available stock. Canterbury processors are working short weeks and some procurement agents are starting to wonder how many lambs are left? Strong demand for store breeding stock shows this shortage, and many farmers are restocking ewe lambs for the future. Demand overseas is still good, and it is helpful some alternative proteins are under supply pressure.

The trend is rising .

The schedule is about 58c/kg behind last year but is unlikely to follow its previous rise due to the difference in currency and already record prices in the market place. The currency has now firmed with the US$ now at .70c and the Pound to .46p and the Euro at .51.

Store lamb prices continue to hold strong, even with the autumn approaching, and the local trade schedule for lambs has increased ahead of export values.

Meat and Wools NZ mid season outlook predicts a 17.5kg lamb to average $72/hd at an exchange rate of US 0.73 GB 0.44 Euro 0.49

The wool market steadied, as supply is matching demand for this product at present. Wool exporters are reported to be confident that crossbred wool will continue to rise in value, as the mills restock and realize supply is limited. The seasons big mover is lambs wool, with values well above last year, and many farmers receiving over a $1 a kg more. With wool now being hidden in the meat schedule by many companies, this rise does not seem to be directly returned to farmers on works lambs.

M&WNZ wool price prediction is 250c/kg greasy for crossbred wool at 0.73US exchange rate

New seasons outlook 2009/2010 here>>>

for more trend graphs, see

- lamb
- beef
- deer
- velvet

for more perspectives, see

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

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