increase font size
Blake Holgate.
A rosy outlook on sheepmeat needs to be slightly tempered by market realities, one meat company suggests.
A Rabobank report by animal proteins analyst Blake Holgate says prices to late-season October as high as mid $8/kg can be expected. And possibly even higher.
Alliance general manager livestock and shareholder services Heather Stacy says prices are firm in their key markets.
“But we need to be mindful of issues such as Brexit coinciding with our chilled lamb programme for the UK and the wider potential for volatility with foreign exchange levels,” she told Rural News.
“As a cooperative, it is important to us that sheepmeat price levels are sustainable for farmers over the long term.”
Beef + Lamb NZ’s chief economist Andrew Burtt says broadly they agree with Holgate. But BLNZ is a bit more conservative than his “at least as high as the mid $8 mark per kilo we saw last year” for the remainder of the season.
“Our view is that prices will be about $8.40/kg on average for all lambs during the fourth quarter of the meat export season, ie July-September,” Burtt told Rural News.
“We are in the process of preparing our New Season Outlook which considers the factors.”
Holgate says restricted global supplies and strong international demand are set to keep sheepmeat prices at elevated levels,
Holgate said in a recent podcast — New Zealand sheepmeat – Mid-year Outlook — that strong market fundamentals during the current season had given sheep farmers healthy returns in recent months. These fundamentals are set to persist for at least the rest of 2019.
Rabobank is launching the 2025 Rabobank Good Deeds Competition, giving rural community groups across New Zealand a chance to win a day’s labour support and $5,000 in funding for their nominated community project.
More than 70 farmers from across the North and South Islands recently spent a dayand- a-half learning new business management and planning skills at Rabobank Ag Pathways Programmes held in Invercargill, Ashburton and Hawera.
A new Indonesian school milk programme is expected to significantly increase the country's total dairy consumption, creating opportunities for New Zealand and other global dairy players.
Recent widespread autumn rain will have triggered the germination of subterranean clover seeds, and the resulting seedlings should be allowed to reach the 3–4 trifoliate leaf stage before grazing, says Beef+Lamb NZ.
Twenty rural community hubs across New Zealand will receive $5,000 to upgrade their facilities having been selected as the winners of Rabobank's Community Hub Competition.
In a surprise move, Federated Farmers meat and wool group has dumped its chair Toby Williams.
Former MP and Southland farmer Eric Roy has received the Outstanding Contribution to New Zealand’s Primary Industries Award.
OPINION: Good times are coming back for the primary industries. From sentiment expressed at Fieldays to the latest rural confidence survey results, all indicate farmer confidence at a near-record high.
Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual Best Site Cup awards.
A new publication has been launched that offers a comprehensive and up-to-date resource on commercially available grazing pasture species in New Zealand.
The New Zealand International Business Forum (NZIBF) has announced Felicity Roxburgh will take over as its new executive director.
OPINION: ACT MP Mark Cameron isn’t everyone’s cup of tea, but he certainly calls it how he sees it, holding…
OPINION: Did former PM Jacinda Ardern get fawning reviews for her book?
