In New Zealand, good grazing conditions caused farmers to keep their stock back, waiting for stronger farmgate prices, causing lower sale yard volumes than usual during W5. The average local slaughter and export price trends for W5 in New Zealand for W5 vs. W4 stood as follows:
Steer NI P2, 300kg - USD 3.63/kg (NZD 5.76/kg) vs. USD 3.62/kg (NZD 5.75/kg) - 0.01% marginal increase Export Bull, USA - USD 5.12/kg (NZD 8.12/kg) vs. USD 5.12/kg (NZD 8.12/kg) - 0% unchanged Lamb NI, 18kg - USD 4.32/kg (NZD 6.85/kg) vs. USD 4.35/kg (NZD 6.90/kg) - 0.7% decrease Export Lamb Flaps, China - USD 6.04/kg (NZD 9.58/kg) vs. USD 6.02/kg (NZD 9.56/kg) 0.02% marginal increase
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