The Weekly Weigh In

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My Loading Ramp Team

STRAIGHT FROM THE PADDOCK... 

Good news from the Reserve Bank last week around exports for March 2020. Dairy was up 7%, meat exports up 10% and seafood up 7%. One thing is for sure, even during uncertain times the worlds population needs to eat, so food still has a market. Unlike other businesses where there markets disappeared overnight, the primary sector is the back bone of NZ and always will be in the good times and the bad! Beef schedules are back around 5 - 10 cents overall, but there are still major backlogs with waiting times from 3 -6 weeks at present, NI lamb is back at $6.70, with SI lamb back to $6.45.

On the dairy front, the GDT auction is coming up this Tuesday night, with a mix bag of views around what results may be. My view is the auction will be steady or slightly up, but not down. We are heading to the end of our season, so I don't think we will see any major upwards movements until later into next season, but time will tell I guess! A few Autumn calves are still moving, with Friesian bulls around the $150 mark, and Beef bulls fetching from $150 - $200 depending on quality. Beef heifers are around the $100 mark. With the 1st of May now fast approaching, Incalf dairy heifers are fetching around $1000 - $1200 with limited buyers in the market. Dairy herds are being listed but still hard to move with most of these listed around $1400 - $1500. If you are looking for dairy cattle, then check out the drafting gate today, and if you are selling get your agent to list them on MLR or give it a go yourself, we have a full dairy quote platform for your listings and it's very easy to use! 

On the beef & sheep front, not really sure what to say here as these markets are not good, so will keep it short and sweet! R2 steers are fetching around $2.30 - 2.40kgLW, with R2 heifers around $2.20kgLW. Friesian R1 bulls are ranging from $400 - $600 depending on weight and quality. Run weaners are hitting the market, but in some cases are hard to move. Steers are fetching around $2.80 - $3kgLW, with heifer calves around $2.20 - $2.40kgLW. On the positive side, there are still export orders for Hereford and Angus weaner heifers at around $800 - $900 depending on delivery dates. This makes these worth around $4kgLW.

In these hard times ahead, it is paramount for Stock Agents and Farmers to keep costs down as much as possible, so MLR is a great affordable platform to market your clients livestock New Zealand wide. If you need any help listing livestock, then please call our 24/7 helpline 06 355 0747, or email support@myloadingramp.nz and someone will be in touch ASAP to get you sorted! Any Livestock agents who would like to get set up with their own company account and branding, please contact manager@myloadingramp.nz, or operations@myloadingramp.nz and we will help you get up and running in no time!

Kia Kaha, stay safe NZ

Team MLR

Proud to be NZ's oldest independent livestock trading platform since 2014.