Local Meat Slaughter Saleyard Prices in New Zealand for W46

In New Zealand, meat values continue to decrease in W46 due to various factors, like a lack of processor space and global economic factors. Exporters expect export prices to stay firm until mid-December 2022. The following are the average local slaughter price trends for W46:

Steer NI P2 (300kg): USD 4.21/kg (NZD 6.60/kg), a 2.2% drop from W45 when prices stood at USD 4.27/kg (NZD 6.70/kg)
Lamb NI (18kg): USD 5.52/kg (NZD 8.65/kg), a 2.2% drop from W45 when prices stood at USD 5.64/kg (NZD 8.85/kg)

Abbreviation:
Steer = a male cattle beast castrated when young;
NI = North Island of New Zealand;
P = fatness, a light to medium fat cover, 3–10 mm deep;
2 = muscling class 2, good muscle development;
300kg = steer carcass weight;
18kg = lamb carcass weight.