Animal prices in New Zealand
| Lamb price trends ... | ||||||||||||||
Mar 2010 Lamb schedules remain firm, with international markets under supplied, which is disappointing when companies are trying to develop long term business. The kill continues to lag behind last year and average weights are rising, and with them the fear that we will produce too many heavy weight lambs. Farmers are repeatedly being warned that this market can only take so much product, but if companies want a change in this area, they should reflect it in the schedule. The trend is steady . The schedule is about 65c/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. Mutton demand remains firm, with a lack of supply from Australia helping, and the nations kill well advanced. Store lamb prices have eased in the south with a now dry autumn, but show no such signs in the north. Prices for saleyard prime lambs and local trade schedules, seemed to have stabilised. 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 a large double sale tested the market and the coarse wool indicator eased. Exporters saw this “breather” in the market as a good sign, optimistic that more wool will be used, and this will enhance demand in the future. Demand for lambs wool continues unsatisfied, even with the extra supply from farmers keeping lambs to heavier weights. Wool farmers' failure to support research and development because of the cut in levy, has contributed to 43 planned job cuts at AgResearch, it was reported this week. 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 for more perspectives, see - Exchange rates
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