There was no faulting the prime cattle market at Rangiuru yesterday. With the cull cow market winding down, an increase in demand for prime steers, heifers and bulls saw some of the highest per kg prices recorded nationwide at Rangiuru today.
iFarm has adjusted their lamb price outlook upwards again this month with expectations for short supplies globally and signs of improving demand.
Though it was a very chilly start to the day, the Canterbury region has managed to escape the worst of the first real winter blast for 2013, but with a high today of just five degrees, sale goers layered up to attend the Canterbury Park Sale.
The prime cattle market remains status quo, with not a large yarding and quality of medium condition. There were once again no steers to be seen, with only a few proper prime heifers on offer.
A specially calendared Grown Cattle Fair brought out the cattle and the buyers with nearly 650 of the bovine attendees and a good number of Northern buyers on the bench.
There has been a decent lift in export lamb prices on the spot market as procurement competition lifts up a notch. Some companies lifted prices by 15c/kg this during last week.
Last week lamb prices remained stable with most at $4.30-4.40/kg (gross). Lamb space has still been pretty jammed up but there is definitely light at the end of the tunnel now.