On-the-Ground Update

Local Saleyard Prices of Meat For W3 in New Zealand

Breda Van Niekerk
Published Jan 27, 2023
Prices of meat (lamb and beef) are under a downward pressure across the board due to bad weather conditions locally and the state of the local and global economy. Here below are the export price trends for the W3 in New Zealand:

Week 3 prices vs. (Week 2 prices):
Steer NI P2, 300kg - W3: USD 3.73/kg (NZD 5.75/kg) vs. W2: USD 3.76/kg (NZD 5.80/kg) - 0.9% decrease,
Export Bull, USA - W3: USD 5.21/kg (NZD 8.03/kg) vs. W2: USD 5.25/kg (NZD 8.09/kg) - 0.7% decrease,
Lamb NI, 18kg - W3: USD 4.51/kg (NZD 6.95/kg) vs. W2: USD 4.64 (NZD 7.15/kg)- 2.8% decrease,
Export Lamb Flaps, China - W3: USD 6.08/kg NZD 9.37/kg vs. W2: USD 6.21/kg (NZD 9.57/kg) - 2.1% decrease.

Due to the low turnout at the sale yards and lack of purchasing power, prices have dropped due to poor economic conditions.
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