The Weekly Weigh In

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My Loading Ramp Team

THE WEEKLY WEIGH-IN

The latest livestock listings, prices and industry news

Hi

SHORT SHARP MARKET ROUND UP..

Most regions got a good dose of rain this week, taking the pressure off drier regions like Taranaki. Beef Schedules are a mixed bag, with the North up 5 cents, and the South back 5 cents. NI lamb has lifted to $7.10, with SI lamb lifted to $6.95.

In the Dairy Sector

The GDT auction was down 0.6% this week. The news we seem to be hearing around the tracks at the moment is a larger then normal number of Fonterra farmers leaving at end of season, especially in the Waikato and Taranaki, and a few in the Lower North Island. Some are changing to beef or cropping, with others moving their milk supply to competitors.The big question now is, Is Fonterra failing its own farmer shareholders? On the market front, Autumn calving is now underway, with Friesian bull calves fetching $200 - $300 depending on quality, and W/H bulls around $300 plus. Cows and heifers are moving with prices silmar to recent weeks.

In the Beef & Sheep Sector

Demand for store lambs has lifted this week, with most fetching around $3 - $3.20kgLW. Run weaners have hit the sales this week, with most 250kg steers trading for $4 plus. Demand so far is strong for weaners, so it will be interesting to see where this market finds its level over the coming weeks. Friesian R2 bulls are trading around $2.80 - $2.90kgLW. 400kg Beef R2 Steers are fetching $3 - $3.30kgLW.

Have a great week from the MLR team.

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Luke Mcbride | M. 027 304 0533 | E. luke@myloadingramp.nz

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