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Rabobank animal proteins analyst Jen Corkran.
Farmgate beef prices remain at record levels and show no sign of easing.
By February, the North Island bull indicator had reached $9.65/kg CWT, an all-time high, and premiums on top, meaning some producers may be getting closer to $10/kg.
Rabobank animal proteins analyst Jen Corkran noted that farmgate beef pricing had held at record levels across the first two months of 2026, supported by strong offshore demand.
She says December 2025 saw the average export value for New Zealand beef reach $12.42/kg, another record, reflecting both a supportive currency at the time, and broad global demand."
ANZ agri economist Matt Dilly says beef prices continue to rise both at the farmgate and in-market.
With strong demand overseas and great pasture conditions, prices should easily hold through the end of 2025/26 and likely longer, says Dilly.
Corkran agrees that the NZ summer has so far delivered very favourable grass-growing conditions across the country.
"This has enabled farmers to hold stock longer and add additional weight. While positive for productivity, this does contribute to localised procurement challenges at times, even as export demand holds firm," she says.
Corkran says New Zealand beef export volumes are expected to increase by 3-4% in 2026, in line with higher production.
To celebrate the tenth anniversary of its annual Good Deeds competition, Rabobank will give away $100,000 to improve rural community hubs, schools, clubrooms, and marae across New Zealand.
Fonterra’s impending exit from the Australian dairy industry is a major event but the story doesn’t change too much for farmers.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
The global agricultural landscape has entered a new phase where geopolitics – not only traditional market forces – will dictate agricultural trade flows, prices, and production decisions.
Global beef trade is expected to grow steadily over the next five years, driven by increasing demand from Asia and strategic export expansions by South American countries.
The Conservative Party warns that the upcoming free trade agreement between New Zealand and India may prioritise increased labour mobility while offering limited reassurance for New Zealand workers.
Southland District Council says it is actively managing the impacts of the current fuel supply challenges to ensure essential services across the district continue to operate safely and reliably.
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