The Weekly Weigh In

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My Loading Ramp Team
My Loading Ramp

THE WEEKLY WEIGH-IN

The latest livestock listings, prices and industry news

Hi

SHORT SHARP MARKET ROUND UP..

Beef schedules have eased again this week, around 10 cents for bull & cow, with prime remaining steady. NI lamb is back at $7.00, with SI lamb back at $6.75. On the dairy front, good news and bad news this week for Fonterra farmers, with the forecast payout now $6.30 - $6.60/kgMS, but for those farmers wanting to leave Fonterra, the share price has taken a hit, now trading at $4.20. Hopefully 20th March may see some future plans, and good news for Fonterra going forward that may help increase share value again. On the beef and sheep front, store cattle markets are very quiet at present, with most farmers opting to hold stock until prices improve. The dry weather for most areas is limiting buying power, and it will be interesting to see how all the March run weaner fairs will go, due to the dry conditions heading into Autumn. Store lambs are trading around $3.10 - $3.20kgLW. 
 
Have a great week from the MLR team.

LATEST MARKET PRICES

NI BullNI CowNI SteerSI BullSI CowSI Steer
$4.90 ↓$3.60 ↓$5.25$4.85 ↓$3.60 ↓$5.10
300 kg/cw 230 kg/cw 300 kg/cw 300kg/cw 200kg/cw 300kg/cw

NEW LISTINGS THIS WEEK

LST-2794 Surplus CRV Friesian C/O Cows

33 Dairy Carry Over Cows
Progressive Livestock Ltd, Manawatu-Wanganui
NEG

MAKE OFFER
LST-2793 30 Jersey wnr bulls

30 Dairy Service Bulls
Progressive Livestock Ltd, Hawke's Bay
$500.00/hd

MAKE OFFER

 

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