STRAIGHT FROM THE PADDOCK...
Its a wet morning here in the Manawatu so hopefully other parts of NZ that need the rain are getting some today! Beef schedules are all up around 5 - 10 cents this week, with signs the meat processors are getting gaps for space again. NI lamb is up at $6.60, with SI lamb up at $6.45
On the dairy front, Its been a good week for dairy farmers with the GDT up 1% overall, and Fonterra announced some very impressive numbers for there third-quarter business update. Lets hope this is the start to more good news from Fonterra going forward. NZ needs Fonterra to be successful now more than ever, as our economy is now very reliant on the primary sector bringing us through the coming year or so. Dairy herds and heifers are still moving, with most herds fetching around $1000 - $1300. An on farm Friesian herd auction in Taranaki averaged $1540 last week. Incalf heifers are fetching from $1000 - $1500 depending on quality and figues. There are still plenty of export orders buying Friesian R1 heifers at prices up to $1450. R1 Xbreds are fetching around $500 - $700, but there are limited buyers for these at present.
On the beef & sheep front, store cattle markets remain steady due to feed issues. I dont think we will see much change here now till the early Spring. The weather has turned colder over the last week, so this will further hamper any feed growth now. Its going to be a very hard and long winter for some, and I feel for them over the coming months. R2 Friesian bulls are fetching around $2.10kgLW, with R2 Steers making $2.30 - $2.60kgLW, and Heifers around $2 - $2.20kgLW. R1 Steers are selling for around $2.70 - $2.80kgLW, with heifers around $2.30 - $2.50kgLW. The store lamb market is around $2.60 - $3kgLW depending on quality. Demand has increased for lambs over the last week. Scanned inlamb ewes are trading around $120 - $150 depending on quality.
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 email@example.com 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 firstname.lastname@example.org, or email@example.com and we will help you get up and running in no time!
Kia Kaha, stay safe NZ
Proud to be NZ's oldest independent livestock trading platform since 2014.