Weaner prices have taken a tumble in the past two weeks. Weaner steers are more like $2.70/kg around the North Island while $2.50/kg for heifers is common. Weaner bull prices are holding, along with the bull market in general. There is plenty of demand for even R2yr bulls however there are not many on quote. R2yr steers and heifers have been struggling, with prices down 5-10c/kg over the past two weeks. Vendors are still pushing for $2.20/kg for 450kg steers, but they tend to be moving at $2.10-2.15/kg. Heifer prices have come back, more so at the saleyards than in the paddock. Heifers in the paddock are still fetching $2.05-2.10/kg, while at auction some have been picked up for less than $2.00/kg.
Market Brief by iFarm.co.nz
iFarm the leading source of agri-market prices, information and analysis for NZ farmers. Receive benchmark prices for the works, store and saleyard markets delivered direct to your inbox. Visit www.ifarm.co.nz or call 0508 873 283.
